https://www.taxtmi.com/caselaws?id=338636 The High Court dismissed the appeal, ruling in favor of the assessee and against the department. The court found that the provisions of Section 263 were not attracted as no income had escaped taxation, and no prejudice or loss had been caused to the revenue. The examination of the agency agreement responsibilities and government approval supported the genuineness of the commission expenses, leading to the deletion of the CIT's disallowance. en-us Tue, 31 Jan 2017 00:00:00 +0530 Sat, 01 Apr 2017 14:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=338636 The High Court dismissed the appeal, ruling in favor of the assessee and against the department. The court found that the provisions of Section 263 were not attracted as no income had escaped taxation, and no prejudice or loss had been caused to the revenue. The examination of the agency agreement responsibilities and government approval supported the genuineness of the commission expenses, leading to the deletion of the CIT's disallowance. Case-Laws Income Tax Tue, 31 Jan 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=338636