https://www.taxtmi.com/caselaws?id=248249 The High Court ruled in favor of the assessee in a case involving the disallowance of commission to dealers by the Assessing Officer. The Court emphasized the assessee's discretion in determining commission amounts as long as expenses are genuine and paid. It held that the AO's role is limited to verifying genuineness, not assessing reasonableness based solely on percentages. The Court also highlighted that commercial agreements are contractual matters beyond the AO's purview and that statutory interference is necessary. Ultimately, the Court supported the assessee's position, emphasizing business autonomy in commission payments and upholding the genuineness of expenses. en-us Fri, 30 May 2014 00:00:00 +0530 Fri, 06 Jun 2014 11:04:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=248249 The High Court ruled in favor of the assessee in a case involving the disallowance of commission to dealers by the Assessing Officer. The Court emphasized the assessee's discretion in determining commission amounts as long as expenses are genuine and paid. It held that the AO's role is limited to verifying genuineness, not assessing reasonableness based solely on percentages. The Court also highlighted that commercial agreements are contractual matters beyond the AO's purview and that statutory interference is necessary. Ultimately, the Court supported the assessee's position, emphasizing business autonomy in commission payments and upholding the genuineness of expenses. Case-Laws Income Tax Fri, 30 May 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=248249