https://www.taxtmi.com/caselaws?id=278541 The Tribunal partially allowed the appeal, upholding the disallowance of Rs. 61,71,082 out of the total brokerage payment of Rs. 89,19,677. The assessee admitted that certain brokerage payments were non-genuine, leading to the reduction in the disallowed amount. Despite the claim of being misled by the Assessing Officer, the Tribunal found the disallowance justified based on the evidence presented. The decision highlights the importance of providing accurate and genuine details during assessment proceedings to avoid deductions being disallowed. en-us Wed, 17 Feb 2016 00:00:00 +0530 Tue, 12 Feb 2019 07:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=278541 The Tribunal partially allowed the appeal, upholding the disallowance of Rs. 61,71,082 out of the total brokerage payment of Rs. 89,19,677. The assessee admitted that certain brokerage payments were non-genuine, leading to the reduction in the disallowed amount. Despite the claim of being misled by the Assessing Officer, the Tribunal found the disallowance justified based on the evidence presented. The decision highlights the importance of providing accurate and genuine details during assessment proceedings to avoid deductions being disallowed. Case-Laws Income Tax Wed, 17 Feb 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=278541