https://www.taxtmi.com/caselaws?id=269525 The High Court upheld the decision of the Tribunal not to interfere with the disallowance of excess commission debited by the assessee in the assessment for the year 2009-2010. The court affirmed that commission should be debited based on actual remittance as it becomes due only upon sale or export of goods. The Tribunal's evaluation of the agreement between the assessee and KSB Singapore supported the disallowance of the excess commission, concluding that the department's previous acceptance of the assessee's accounting method was a mistake. The High Court dismissed the appeal, confirming the lower authority's decision. en-us Wed, 27 May 2015 00:00:00 +0530 Tue, 15 Dec 2015 22:42:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=269525 The High Court upheld the decision of the Tribunal not to interfere with the disallowance of excess commission debited by the assessee in the assessment for the year 2009-2010. The court affirmed that commission should be debited based on actual remittance as it becomes due only upon sale or export of goods. The Tribunal's evaluation of the agreement between the assessee and KSB Singapore supported the disallowance of the excess commission, concluding that the department's previous acceptance of the assessee's accounting method was a mistake. The High Court dismissed the appeal, confirming the lower authority's decision. Case-Laws Income Tax Wed, 27 May 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=269525