https://www.taxtmi.com/caselaws?id=421001 The appeal was partly allowed. The disallowance of commission paid to NRG Consultants Pvt. Ltd. was overturned as it was not a related party. However, the disallowance of commissions paid to Trust Commodities Pvt. Ltd. and Ms. Seema Verma was upheld due to excessive and unrealistic payments. The grounds related to natural justice and interest under Section 234B were dismissed. The Tribunal's decision emphasized adherence to statutory provisions and the reasonableness of business expenses. en-us Thu, 24 Mar 2022 00:00:00 +0530 Fri, 15 Apr 2022 08:53:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=421001 The appeal was partly allowed. The disallowance of commission paid to NRG Consultants Pvt. Ltd. was overturned as it was not a related party. However, the disallowance of commissions paid to Trust Commodities Pvt. Ltd. and Ms. Seema Verma was upheld due to excessive and unrealistic payments. The grounds related to natural justice and interest under Section 234B were dismissed. The Tribunal's decision emphasized adherence to statutory provisions and the reasonableness of business expenses. Case-Laws Income Tax Thu, 24 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=421001