https://www.taxtmi.com/caselaws?id=345882 The Tribunal upheld the CIT (Appeals) order, finding it legally sound and in line with the facts. The addition of Rs. 7,33,09,398/- by the AO for disallowing commission was deleted, as the payments were deemed legitimate based on agreements and accounting practices. The genuineness of business transactions and services provided by agents was affirmed, emphasizing consistency in commission payments and compliance with RBI guidelines. The Tribunal dismissed the Revenue's appeal, affirming the decisions of the lower authorities. en-us Wed, 22 Mar 2017 00:00:00 +0530 Sat, 29 Jul 2017 07:15:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=345882 The Tribunal upheld the CIT (Appeals) order, finding it legally sound and in line with the facts. The addition of Rs. 7,33,09,398/- by the AO for disallowing commission was deleted, as the payments were deemed legitimate based on agreements and accounting practices. The genuineness of business transactions and services provided by agents was affirmed, emphasizing consistency in commission payments and compliance with RBI guidelines. The Tribunal dismissed the Revenue's appeal, affirming the decisions of the lower authorities. Case-Laws Income Tax Wed, 22 Mar 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=345882