https://www.taxtmi.com/caselaws?id=176689 The High Court upheld the Tribunal's decision to delete the disallowance of excessive commission paid by the assessee under section 40(A)(2) of the Income-tax Act. The Court emphasized the importance of establishing nexus and genuineness of expenditure, dismissing the assessing authority's attempt to dictate the commission rate. The argument regarding undisclosed business activities was rejected for failing to prove non-payment or excessiveness of commission. Ultimately, the appeal was dismissed as no substantial question of law was identified. en-us Tue, 04 Apr 2006 00:00:00 +0530 Sat, 26 Dec 2015 13:52:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=176689 The High Court upheld the Tribunal's decision to delete the disallowance of excessive commission paid by the assessee under section 40(A)(2) of the Income-tax Act. The Court emphasized the importance of establishing nexus and genuineness of expenditure, dismissing the assessing authority's attempt to dictate the commission rate. The argument regarding undisclosed business activities was rejected for failing to prove non-payment or excessiveness of commission. Ultimately, the appeal was dismissed as no substantial question of law was identified. Case-Laws Income Tax Tue, 04 Apr 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=176689