https://www.taxtmi.com/caselaws?id=270993 The case involved the disallowance of a deduction claimed by the Assessee for commission payments, with the Income Tax Department questioning the business purpose of the expenditure. The Income Tax Appellate Tribunal shifted the burden of proof to the Revenue due to payments being made through banking channels with PANs. Legal precedents such as Ram Bahadur Thakur Ltd. v. CIT and K.P. Varghese v. Income Tax Officer were cited, emphasizing the need for evidence and reasonableness of expenditures. The judgment partially allowed the appeal, remanding the case for further investigation by the Assessing Officer to determine the legitimacy of the commission payments based on the evidence presented. en-us Mon, 07 Dec 2015 00:00:00 +0530 Fri, 22 Jan 2016 11:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=270993 The case involved the disallowance of a deduction claimed by the Assessee for commission payments, with the Income Tax Department questioning the business purpose of the expenditure. The Income Tax Appellate Tribunal shifted the burden of proof to the Revenue due to payments being made through banking channels with PANs. Legal precedents such as Ram Bahadur Thakur Ltd. v. CIT and K.P. Varghese v. Income Tax Officer were cited, emphasizing the need for evidence and reasonableness of expenditures. The judgment partially allowed the appeal, remanding the case for further investigation by the Assessing Officer to determine the legitimacy of the commission payments based on the evidence presented. Case-Laws Income Tax Mon, 07 Dec 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=270993