https://www.taxtmi.com/caselaws?id=385999 The Tribunal upheld the CIT(A)'s decision to delete additions totaling Rs. 2,00,45,153/- made by the Assessing Officer, which included commission payments and sundry creditors. The Tribunal found that the AO's disallowance lacked proper investigation and evidence, emphasizing the genuineness of transactions and the business context. Referring to a Supreme Court decision, the Tribunal dismissed the revenue's appeal, confirming the deletion of additions and highlighting the importance of assessing business expenditures from a prudent businessman's perspective. en-us Wed, 04 Sep 2019 00:00:00 +0530 Thu, 19 Sep 2019 16:10:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=385999 The Tribunal upheld the CIT(A)'s decision to delete additions totaling Rs. 2,00,45,153/- made by the Assessing Officer, which included commission payments and sundry creditors. The Tribunal found that the AO's disallowance lacked proper investigation and evidence, emphasizing the genuineness of transactions and the business context. Referring to a Supreme Court decision, the Tribunal dismissed the revenue's appeal, confirming the deletion of additions and highlighting the importance of assessing business expenditures from a prudent businessman's perspective. Case-Laws Income Tax Wed, 04 Sep 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=385999