https://www.taxtmi.com/caselaws?id=279069 The Tribunal upheld the decision to disallow commission expenses of Rs. 90,00,000/- paid to Shri B.S. Agarwal for the sale of a plot. It was found that the Memorandum of Understanding (MOU) lacked commercial traits, Shri Agarwal did not render any services, and the genuineness of the expenditure was not proven. The Tribunal dismissed the appeal, affirming the CIT(A)'s ruling. en-us Thu, 05 May 2016 00:00:00 +0530 Sat, 02 Mar 2019 13:31:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=279069 The Tribunal upheld the decision to disallow commission expenses of Rs. 90,00,000/- paid to Shri B.S. Agarwal for the sale of a plot. It was found that the Memorandum of Understanding (MOU) lacked commercial traits, Shri Agarwal did not render any services, and the genuineness of the expenditure was not proven. The Tribunal dismissed the appeal, affirming the CIT(A)'s ruling. Case-Laws Income Tax Thu, 05 May 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=279069