https://www.taxtmi.com/caselaws?id=285390 The Tribunal dismissed the Revenue's appeal challenging the deletion of undisclosed income by the Assessing Officer. The Tribunal found that the disallowance of commission payments without seized material was unjustified as it lacked corroborating evidence. Additionally, the Tribunal held that the disallowance of expenses under Section 158BC was not warranted, as the expenses were duly recorded in the Assessee's books and lacked supporting evidence. Consequently, the Tribunal upheld the decision to delete the undisclosed income and dismissed the appeal based on the evaluation of the evidence on record. en-us Thu, 18 Apr 2019 00:00:00 +0530 Thu, 09 Jan 2020 19:46:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=285390 The Tribunal dismissed the Revenue's appeal challenging the deletion of undisclosed income by the Assessing Officer. The Tribunal found that the disallowance of commission payments without seized material was unjustified as it lacked corroborating evidence. Additionally, the Tribunal held that the disallowance of expenses under Section 158BC was not warranted, as the expenses were duly recorded in the Assessee's books and lacked supporting evidence. Consequently, the Tribunal upheld the decision to delete the undisclosed income and dismissed the appeal based on the evaluation of the evidence on record. Case-Laws Income Tax Thu, 18 Apr 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=285390