https://www.taxtmi.com/caselaws?id=407874 The Tribunal upheld the decision to treat referral fees as commission payments not allowable in principle but disallowed only 1/3rd of the claimed amount, granting relief for the remaining 2/3rd due to lack of specific evidence on market rates for rent. The issues regarding the set-off of losses and levy of interest were not extensively discussed, but the overall relief granted on the disallowance of referral fees would impact these computations. The judgment emphasized that business models violating public policy could not be allowed as deductible expenses. en-us Thu, 08 Apr 2021 00:00:00 +0530 Tue, 25 May 2021 08:38:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=407874 The Tribunal upheld the decision to treat referral fees as commission payments not allowable in principle but disallowed only 1/3rd of the claimed amount, granting relief for the remaining 2/3rd due to lack of specific evidence on market rates for rent. The issues regarding the set-off of losses and levy of interest were not extensively discussed, but the overall relief granted on the disallowance of referral fees would impact these computations. The judgment emphasized that business models violating public policy could not be allowed as deductible expenses. Case-Laws Income Tax Thu, 08 Apr 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=407874