https://www.taxtmi.com/caselaws?id=11169 The court held that neither Circular No.648 of 1993 nor Circular of 1984 applied to the assessment year 1989-90. The appellant's commission income was to be assessed as per the Income-tax Act, 1961. Genuine expenditures were to be allowed if properly substantiated, and the matter was remitted to the Assessing Officer for proper assessment based on the law and available records. The appeal was disposed of with directions to assess the commission income in accordance with the law and evidence on record, ensuring genuine expenditures are appropriately considered. en-us Wed, 16 Apr 2003 00:00:00 +0530 Sat, 01 Aug 2009 10:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=11169 The court held that neither Circular No.648 of 1993 nor Circular of 1984 applied to the assessment year 1989-90. The appellant's commission income was to be assessed as per the Income-tax Act, 1961. Genuine expenditures were to be allowed if properly substantiated, and the matter was remitted to the Assessing Officer for proper assessment based on the law and available records. The appeal was disposed of with directions to assess the commission income in accordance with the law and evidence on record, ensuring genuine expenditures are appropriately considered. Case-Laws Income Tax Wed, 16 Apr 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=11169