https://www.taxtmi.com/caselaws?id=330839 The Tribunal allowed the appeal of the assessee, setting aside the order passed by the Principal Commissioner of Income Tax under Section 263 and restoring the order of the Assessing Officer passed under Section 143(3)/144. The Tribunal held that the delay in filing the appeal was condoned, and the prize money payments made by the assessee to stockists were not subject to disallowance under Section 40(a)(ia) as they did not constitute commission under Section 194G. The Tribunal also rejected the revision of the assessment order under Section 263, stating that the Assessing Officer's decision was not erroneous. en-us Fri, 29 Jul 2016 00:00:00 +0530 Sat, 19 Nov 2016 11:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=330839 The Tribunal allowed the appeal of the assessee, setting aside the order passed by the Principal Commissioner of Income Tax under Section 263 and restoring the order of the Assessing Officer passed under Section 143(3)/144. The Tribunal held that the delay in filing the appeal was condoned, and the prize money payments made by the assessee to stockists were not subject to disallowance under Section 40(a)(ia) as they did not constitute commission under Section 194G. The Tribunal also rejected the revision of the assessment order under Section 263, stating that the Assessing Officer's decision was not erroneous. Case-Laws Income Tax Fri, 29 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=330839