https://www.taxtmi.com/caselaws?id=17750 The High Court held that Section 40(c) of the Income-tax Act, 1961 applied to the commission payments made by the assessee-company. The Court justified the reopening of the assessment due to non-disclosure of the relationship between the commission recipient and the shareholders. Consequently, the excess commission payment was disallowed under Section 40(c), ruling in favor of the Revenue and against the assessee. en-us Tue, 11 Jun 1996 00:00:00 +0530 Thu, 24 Sep 2009 15:47:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=17750 The High Court held that Section 40(c) of the Income-tax Act, 1961 applied to the commission payments made by the assessee-company. The Court justified the reopening of the assessment due to non-disclosure of the relationship between the commission recipient and the shareholders. Consequently, the excess commission payment was disallowed under Section 40(c), ruling in favor of the Revenue and against the assessee. Case-Laws Income Tax Tue, 11 Jun 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=17750