https://www.taxtmi.com/caselaws?id=254375 The Tribunal dismissed the Revenue's appeals on both issues. Regarding the low yield, the Tribunal found that the comparison with M/s Vehelna Steels Ltd. was unjustified, and no specific defects were pointed out in the assessees' books of accounts. Concerning the classification of commission income, the Tribunal upheld the CIT(A)'s decision to assess it under the head "Income from Business," relying on past judicial decisions and the High Court's ruling. The Tribunal confirmed the orders of the CIT(A) and dismissed the departmental appeals. en-us Fri, 14 Nov 2014 00:00:00 +0530 Sat, 20 Dec 2014 06:26:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=254375 The Tribunal dismissed the Revenue's appeals on both issues. Regarding the low yield, the Tribunal found that the comparison with M/s Vehelna Steels Ltd. was unjustified, and no specific defects were pointed out in the assessees' books of accounts. Concerning the classification of commission income, the Tribunal upheld the CIT(A)'s decision to assess it under the head "Income from Business," relying on past judicial decisions and the High Court's ruling. The Tribunal confirmed the orders of the CIT(A) and dismissed the departmental appeals. Case-Laws Income Tax Fri, 14 Nov 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=254375