https://www.taxtmi.com/caselaws?id=339892 The High Court overturned the Tribunal's decision and remitted the case for a fresh decision, criticizing the Tribunal for not adequately considering the evidence on record. The Court emphasized the importance of examining material evidence to determine the genuineness of business expenditures under Section 37(1) of the Income Tax Act. The High Court directed the Tribunal to reconsider the matter within six months, highlighting the necessity of a thorough review of all evidence before determining the allowability of the commission claimed by the assessee. en-us Fri, 03 Mar 2017 00:00:00 +0530 Thu, 09 Mar 2017 08:37:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=339892 The High Court overturned the Tribunal's decision and remitted the case for a fresh decision, criticizing the Tribunal for not adequately considering the evidence on record. The Court emphasized the importance of examining material evidence to determine the genuineness of business expenditures under Section 37(1) of the Income Tax Act. The High Court directed the Tribunal to reconsider the matter within six months, highlighting the necessity of a thorough review of all evidence before determining the allowability of the commission claimed by the assessee. Case-Laws Income Tax Fri, 03 Mar 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=339892