https://www.taxtmi.com/caselaws?id=406345 The Tribunal allowed the appeal of the assessee, deleting the additions of outstanding liabilities and commission expenses made by the Assessing Officer and confirmed by the First Appellate Authority. The Tribunal emphasized the importance of examining the genuineness of liabilities in the year they were claimed and not in subsequent years unless there is clear evidence of cessation or remission of liability. Additionally, the Tribunal recognized the necessity of commission expenses for the assessee's business operations, concluding that the disallowance of commission expenses was unjustified. en-us Fri, 09 Apr 2021 00:00:00 +0530 Mon, 12 Apr 2021 08:15:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=406345 The Tribunal allowed the appeal of the assessee, deleting the additions of outstanding liabilities and commission expenses made by the Assessing Officer and confirmed by the First Appellate Authority. The Tribunal emphasized the importance of examining the genuineness of liabilities in the year they were claimed and not in subsequent years unless there is clear evidence of cessation or remission of liability. Additionally, the Tribunal recognized the necessity of commission expenses for the assessee's business operations, concluding that the disallowance of commission expenses was unjustified. Case-Laws Income Tax Fri, 09 Apr 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=406345