https://www.taxtmi.com/caselaws?id=397913 Commission payments supported by bills, TDS and agent tax compliance were treated as genuine and deductible, with no material showing accommodation entries or a return flow to the assessee. Charges paid for overloading of rakes were treated as operational in nature, not as a penalty for an offence or prohibited payment, so section 37(1) did not bar deduction. A section 14A read with Rule 8D disallowance was unsustainable because the Assessing Officer had not examined the accounts or recorded the requisite dissatisfaction before applying Rule 8D. Peripheral road development was allowed as commercially connected with mining, while mosquito nets and the related donation were disallowed for want of a direct business nexus. en-us Wed, 26 Aug 2020 00:00:00 +0530 Wed, 02 Sep 2020 09:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=397913 Commission payments supported by bills, TDS and agent tax compliance were treated as genuine and deductible, with no material showing accommodation entries or a return flow to the assessee. Charges paid for overloading of rakes were treated as operational in nature, not as a penalty for an offence or prohibited payment, so section 37(1) did not bar deduction. A section 14A read with Rule 8D disallowance was unsustainable because the Assessing Officer had not examined the accounts or recorded the requisite dissatisfaction before applying Rule 8D. Peripheral road development was allowed as commercially connected with mining, while mosquito nets and the related donation were disallowed for want of a direct business nexus. Case-Laws Income Tax Wed, 26 Aug 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=397913