https://www.taxtmi.com/caselaws?id=176847 The Tribunal partially allowed the assessee's appeal, reducing the trading addition and disallowance of commission expenses while dismissing the department's appeal. The Tribunal held that the trading addition should be reduced to Rs. 4,00,000 to meet the ends of justice. Additionally, it ruled that the disallowance of commission expenses was unjustified as the AO did not verify the payments adequately. The disallowance under section 40(a)(ia) for non-deduction of tax on service fees retained by the bank was also overturned as the service fees were not considered commission payments subject to TDS. en-us Thu, 02 Feb 2012 00:00:00 +0530 Mon, 14 Aug 2017 16:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=176847 The Tribunal partially allowed the assessee's appeal, reducing the trading addition and disallowance of commission expenses while dismissing the department's appeal. The Tribunal held that the trading addition should be reduced to Rs. 4,00,000 to meet the ends of justice. Additionally, it ruled that the disallowance of commission expenses was unjustified as the AO did not verify the payments adequately. The disallowance under section 40(a)(ia) for non-deduction of tax on service fees retained by the bank was also overturned as the service fees were not considered commission payments subject to TDS. Case-Laws Income Tax Thu, 02 Feb 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=176847