https://www.taxtmi.com/caselaws?id=351407 The Tribunal dismissed the Revenue's appeal, upholding the CIT(A)'s decision to delete the disallowance of Rs. 1.90 crores in commission. The Tribunal found the commission payment genuine, supported by RBI approval and justified by the expanded services. Compliance with Sections 195 and 40(a)(i) was implied. The assessee's voluntary admission during the survey was deemed mistaken, and the retraction was accepted. The Revenue's appeal was dismissed, affirming the CIT(A)'s order. en-us Thu, 16 Nov 2017 00:00:00 +0530 Fri, 24 Nov 2017 06:28:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=351407 The Tribunal dismissed the Revenue's appeal, upholding the CIT(A)'s decision to delete the disallowance of Rs. 1.90 crores in commission. The Tribunal found the commission payment genuine, supported by RBI approval and justified by the expanded services. Compliance with Sections 195 and 40(a)(i) was implied. The assessee's voluntary admission during the survey was deemed mistaken, and the retraction was accepted. The Revenue's appeal was dismissed, affirming the CIT(A)'s order. Case-Laws Income Tax Thu, 16 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=351407