https://www.taxtmi.com/caselaws?id=370086 The Tribunal upheld the CIT(A)'s decisions in a case involving disallowance of commission expenses and a section 54F deduction. The disallowance of commission expenses amounting to Rs. 51,56,694 was reversed as the assessee provided detailed evidence supporting the payments. The section 54F deduction claimed for a new building was restricted to the residential portion, amounting to Rs. 42,39,181, as the building was primarily residential. The Tribunal affirmed the CIT(A)'s findings, dismissing the Revenue's appeal and allowing the deductions in question. en-us Fri, 27 Jul 2018 00:00:00 +0530 Fri, 09 Nov 2018 19:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=370086 The Tribunal upheld the CIT(A)'s decisions in a case involving disallowance of commission expenses and a section 54F deduction. The disallowance of commission expenses amounting to Rs. 51,56,694 was reversed as the assessee provided detailed evidence supporting the payments. The section 54F deduction claimed for a new building was restricted to the residential portion, amounting to Rs. 42,39,181, as the building was primarily residential. The Tribunal affirmed the CIT(A)'s findings, dismissing the Revenue's appeal and allowing the deductions in question. Case-Laws Income Tax Fri, 27 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=370086