https://www.taxtmi.com/caselaws?id=335535 The Tribunal ruled in favor of the appellant regarding the disallowance of brokerage paid, finding the transaction genuine and the disallowance unjustified under Section 40A(2)(b) of the Income Tax Act. The Tribunal set aside the Commissioner's findings, as they lacked convincing evidence to prove the payment was excessive. However, the issue of repairs and maintenance expenses was remanded back to the Commissioner for fresh examination due to discrepancies in the reasoning, allowing the appeal partly for the assessment year 2008-09. en-us Fri, 18 Nov 2016 00:00:00 +0530 Sat, 03 Dec 2016 08:38:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=335535 The Tribunal ruled in favor of the appellant regarding the disallowance of brokerage paid, finding the transaction genuine and the disallowance unjustified under Section 40A(2)(b) of the Income Tax Act. The Tribunal set aside the Commissioner's findings, as they lacked convincing evidence to prove the payment was excessive. However, the issue of repairs and maintenance expenses was remanded back to the Commissioner for fresh examination due to discrepancies in the reasoning, allowing the appeal partly for the assessment year 2008-09. Case-Laws Income Tax Fri, 18 Nov 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=335535