https://www.taxtmi.com/caselaws?id=219180 The Tribunal found that the Assessing Officer (AO) had not adequately investigated commission payments, leading to an erroneous assessment order. While the Commissioner of Income Tax (CIT) was justified in invoking Section 263 due to the AO's failure, the Tribunal modified the CIT's order. The case was remitted back to the AO for further inquiry into the legitimacy of the commission payments, directing to allow those genuinely incurred for business purposes. The appeal of the assessee was partly allowed for statistical purposes. en-us Fri, 19 Oct 2012 00:00:00 +0530 Thu, 06 Dec 2012 20:50:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=219180 The Tribunal found that the Assessing Officer (AO) had not adequately investigated commission payments, leading to an erroneous assessment order. While the Commissioner of Income Tax (CIT) was justified in invoking Section 263 due to the AO's failure, the Tribunal modified the CIT's order. The case was remitted back to the AO for further inquiry into the legitimacy of the commission payments, directing to allow those genuinely incurred for business purposes. The appeal of the assessee was partly allowed for statistical purposes. Case-Laws Income Tax Fri, 19 Oct 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=219180