https://www.taxtmi.com/caselaws?id=369318 The Tribunal overturned the decisions of the assessing officer and the CIT(A) in a case concerning the disallowance of commission expenses amounting to Rs. 15,50,035 under section 143(3) of the Income Tax Act, 1961. The Tribunal held that the assessing officer failed to prove the excessive nature of the payments made to two individuals, as required by section 40(A)(2)(b). As such, the Tribunal allowed the appeal, emphasizing that only excessive or unreasonable expenditure could be disallowed under the provision, not the entire amount. en-us Thu, 30 Aug 2018 00:00:00 +0530 Thu, 25 Oct 2018 08:45:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=369318 The Tribunal overturned the decisions of the assessing officer and the CIT(A) in a case concerning the disallowance of commission expenses amounting to Rs. 15,50,035 under section 143(3) of the Income Tax Act, 1961. The Tribunal held that the assessing officer failed to prove the excessive nature of the payments made to two individuals, as required by section 40(A)(2)(b). As such, the Tribunal allowed the appeal, emphasizing that only excessive or unreasonable expenditure could be disallowed under the provision, not the entire amount. Case-Laws Income Tax Thu, 30 Aug 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=369318