https://www.taxtmi.com/caselaws?id=403192 The ITAT partially allowed the disallowance of commission expenses, limiting it to Rs. 9,40,000 due to insufficient evidence of service rendition. Unsecured loans from Sapebelle Trader Linkers Pvt Ltd were deemed genuine, no addition was made. However, discrepancies in Ishwar Das Gupta's case required further examination. Interest payment to Sapebelle Traders Linkers Pvt Ltd was allowed, while disallowed for Shri Binod Choudhary. The appeal was partly allowed, with specific directions given for each issue, emphasizing the importance of evidence and genuineness in transactions. en-us Tue, 19 Jan 2021 00:00:00 +0530 Thu, 21 Jan 2021 09:55:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=403192 The ITAT partially allowed the disallowance of commission expenses, limiting it to Rs. 9,40,000 due to insufficient evidence of service rendition. Unsecured loans from Sapebelle Trader Linkers Pvt Ltd were deemed genuine, no addition was made. However, discrepancies in Ishwar Das Gupta's case required further examination. Interest payment to Sapebelle Traders Linkers Pvt Ltd was allowed, while disallowed for Shri Binod Choudhary. The appeal was partly allowed, with specific directions given for each issue, emphasizing the importance of evidence and genuineness in transactions. Case-Laws Income Tax Tue, 19 Jan 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=403192