https://www.taxtmi.com/caselaws?id=331851 The High Court held that the Tribunal's decision to disallow commission payments was unjustified and perverse. The Court found that the evidence provided by the assessee, including confirmations from agents and tax deductions, was credible. The Tribunal's rejection of this evidence was deemed improper and based on suspicions. Emphasizing the reasonableness of business expenditures, the Court ruled in favor of the assessee, overturning the Tribunal's decision. The appeal was allowed, concluding that the rejection of evidence was unlawful and the disallowance of commission payments was not justified. en-us Fri, 22 Jul 2016 00:00:00 +0530 Sat, 03 Sep 2016 09:03:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=331851 The High Court held that the Tribunal's decision to disallow commission payments was unjustified and perverse. The Court found that the evidence provided by the assessee, including confirmations from agents and tax deductions, was credible. The Tribunal's rejection of this evidence was deemed improper and based on suspicions. Emphasizing the reasonableness of business expenditures, the Court ruled in favor of the assessee, overturning the Tribunal's decision. The appeal was allowed, concluding that the rejection of evidence was unlawful and the disallowance of commission payments was not justified. Case-Laws Income Tax Fri, 22 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=331851