https://www.taxtmi.com/caselaws?id=271718 The case involved the disallowance of a commission payment of Rs. 10,70,000 by tax authorities, suspecting it to be a tactic to reduce tax liability. Despite explanations, the payment was deemed not genuine. The CIT(A) and ITAT upheld the disallowance, emphasizing the lack of evidence on services rendered by the recipients. The absence of authenticated documentation and non-comparability with business norms led to the decision. The judgment focused on the genuineness of the payment, concluding it was an attempt to lower taxable income due to insufficient proof of services rendered. en-us Mon, 11 Jan 2016 00:00:00 +0530 Mon, 15 Feb 2016 17:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=271718 The case involved the disallowance of a commission payment of Rs. 10,70,000 by tax authorities, suspecting it to be a tactic to reduce tax liability. Despite explanations, the payment was deemed not genuine. The CIT(A) and ITAT upheld the disallowance, emphasizing the lack of evidence on services rendered by the recipients. The absence of authenticated documentation and non-comparability with business norms led to the decision. The judgment focused on the genuineness of the payment, concluding it was an attempt to lower taxable income due to insufficient proof of services rendered. Case-Laws Income Tax Mon, 11 Jan 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=271718