https://www.taxtmi.com/caselaws?id=221243 The High Court upheld the Tribunal's decision that the commission payment to Sri Habib Akhtar was excessive without commercial consideration or business expediency. The Court ruled in favor of the Revenue, agreeing with the Tribunal's findings that the commission paid was unreasonable and restricted it to Rs.6,000 based on legitimate business needs. The Court found no evidence supporting the excessive payment and upheld the correct application of Sec.40-A(2) in disallowing part of the commission. en-us Thu, 10 Jan 2013 00:00:00 +0530 Sat, 07 Dec 2013 14:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=221243 The High Court upheld the Tribunal's decision that the commission payment to Sri Habib Akhtar was excessive without commercial consideration or business expediency. The Court ruled in favor of the Revenue, agreeing with the Tribunal's findings that the commission paid was unreasonable and restricted it to Rs.6,000 based on legitimate business needs. The Court found no evidence supporting the excessive payment and upheld the correct application of Sec.40-A(2) in disallowing part of the commission. Case-Laws Income Tax Thu, 10 Jan 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=221243