https://www.taxtmi.com/caselaws?id=342565 The High Court upheld the decisions of the Commissioner of Income Tax (Appeals) and the Income Tax Appellate Tribunal, ruling in favor of the respondent-assessee. The court found that the documentation provided by the assessee was sufficient and genuine to substantiate the commission payments made to foreign agents. It dismissed the revenue's appeals, affirming that the disallowance by the Assessing Officer was rightly deleted by the lower authorities. The court emphasized the consistency in accepting similar claims in previous years and the genuineness of the business expenditure incurred by the assessee. en-us Wed, 26 Apr 2017 00:00:00 +0530 Thu, 10 Aug 2017 17:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=342565 The High Court upheld the decisions of the Commissioner of Income Tax (Appeals) and the Income Tax Appellate Tribunal, ruling in favor of the respondent-assessee. The court found that the documentation provided by the assessee was sufficient and genuine to substantiate the commission payments made to foreign agents. It dismissed the revenue's appeals, affirming that the disallowance by the Assessing Officer was rightly deleted by the lower authorities. The court emphasized the consistency in accepting similar claims in previous years and the genuineness of the business expenditure incurred by the assessee. Case-Laws Income Tax Wed, 26 Apr 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=342565