https://www.taxtmi.com/caselaws?id=178375 The High Court upheld the ITAT's decision regarding the payment of commission, emphasizing the genuineness of the transactions and lack of evidence to prove them as non-genuine. The Court also ruled in favor of the assessee regarding the disallowance under Section 14A, stating that there was no evidence to support the expenditure being incurred to earn exempted income. As a result, the Court found no substantial questions of law and dismissed the appeal. en-us Thu, 16 Apr 2009 00:00:00 +0530 Wed, 03 Feb 2016 14:35:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=178375 The High Court upheld the ITAT's decision regarding the payment of commission, emphasizing the genuineness of the transactions and lack of evidence to prove them as non-genuine. The Court also ruled in favor of the assessee regarding the disallowance under Section 14A, stating that there was no evidence to support the expenditure being incurred to earn exempted income. As a result, the Court found no substantial questions of law and dismissed the appeal. Case-Laws Income Tax Thu, 16 Apr 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=178375