https://www.taxtmi.com/caselaws?id=270389 The High Court upheld the ITAT's decision, dismissing the Revenue's appeals. It was found that the commission payments were legitimate, made through proper channels, and assessed to tax. The Revenue failed to prove the payments were false or that the assessee concealed income. Penalties under Section 271(1)(c) were deemed unwarranted as the Revenue did not discharge the burden of proving the claims were inaccurate. The Court ruled in favor of the assessee, affirming that the Revenue's allegations were unsubstantiated. en-us Wed, 16 Dec 2015 00:00:00 +0530 Tue, 05 Jan 2016 11:14:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=270389 The High Court upheld the ITAT's decision, dismissing the Revenue's appeals. It was found that the commission payments were legitimate, made through proper channels, and assessed to tax. The Revenue failed to prove the payments were false or that the assessee concealed income. Penalties under Section 271(1)(c) were deemed unwarranted as the Revenue did not discharge the burden of proving the claims were inaccurate. The Court ruled in favor of the assessee, affirming that the Revenue's allegations were unsubstantiated. Case-Laws Income Tax Wed, 16 Dec 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=270389