https://www.taxtmi.com/caselaws?id=353260 The Tribunal allowed the assessee's appeal, overturning the disallowance of Rs. 1,17,47,513 in commission expenses. It concluded that the lower authorities failed to provide evidence disproving the genuineness of the transactions and emphasized the insufficiency of relying solely on statements without tangible evidence. The Tribunal highlighted the lack of adherence to principles of natural justice by the Assessing Officer, referencing the necessity of cross-examination to test the truth of oral evidence. Consequently, the appeal was successful, and the disallowance was reversed. en-us Tue, 26 Dec 2017 00:00:00 +0530 Sat, 30 Dec 2017 18:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=353260 The Tribunal allowed the assessee's appeal, overturning the disallowance of Rs. 1,17,47,513 in commission expenses. It concluded that the lower authorities failed to provide evidence disproving the genuineness of the transactions and emphasized the insufficiency of relying solely on statements without tangible evidence. The Tribunal highlighted the lack of adherence to principles of natural justice by the Assessing Officer, referencing the necessity of cross-examination to test the truth of oral evidence. Consequently, the appeal was successful, and the disallowance was reversed. Case-Laws Income Tax Tue, 26 Dec 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=353260