https://www.taxtmi.com/caselaws?id=256719 The High Court upheld the decision of the CIT (A) and the Tribunal, ruling in favor of the assessee and dismissing the Department's appeal. The Court found that the addition concerning the commission paid was not covered by the reasons recorded under Section 148(2) of the Act, justifying the deletion of this addition. The judgment emphasized the importance of adhering to legal procedures and recording valid reasons for reassessment actions under the Income Tax Act. en-us Wed, 18 Feb 2015 00:00:00 +0530 Tue, 11 Aug 2015 12:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=256719 The High Court upheld the decision of the CIT (A) and the Tribunal, ruling in favor of the assessee and dismissing the Department's appeal. The Court found that the addition concerning the commission paid was not covered by the reasons recorded under Section 148(2) of the Act, justifying the deletion of this addition. The judgment emphasized the importance of adhering to legal procedures and recording valid reasons for reassessment actions under the Income Tax Act. Case-Laws Income Tax Wed, 18 Feb 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=256719