https://www.taxtmi.com/caselaws?id=353134 The Tribunal upheld the disallowance of excessive commission payments made to specified persons under Section 40A(2)(b) of the Income Tax Act, restricting the commission to 33% and disallowing the excess amount. Additionally, supervision charges were disallowed due to lack of evidence and non-appearance of parties, with the Tribunal affirming the CIT(A)'s decision. The Tribunal emphasized the importance of substantiating claims with evidence and the AO's duty to scrutinize payment reasonableness under the Income Tax Act, ultimately dismissing the assessee's appeal. en-us Fri, 08 Dec 2017 00:00:00 +0530 Thu, 28 Dec 2017 08:05:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=353134 The Tribunal upheld the disallowance of excessive commission payments made to specified persons under Section 40A(2)(b) of the Income Tax Act, restricting the commission to 33% and disallowing the excess amount. Additionally, supervision charges were disallowed due to lack of evidence and non-appearance of parties, with the Tribunal affirming the CIT(A)'s decision. The Tribunal emphasized the importance of substantiating claims with evidence and the AO's duty to scrutinize payment reasonableness under the Income Tax Act, ultimately dismissing the assessee's appeal. Case-Laws Income Tax Fri, 08 Dec 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=353134