https://www.taxtmi.com/caselaws?id=426504 The High Court directed the Tribunal to re-examine the disallowance of commission payments under Section 37 of the Income Tax Act for multiple assessment years. The Tribunal emphasized the need for independent verification of the genuineness and reasonableness of the payments, instructing the Assessing Officer to afford the assessee a fair opportunity to present their case. The issue was restored to the A.O. for fresh consideration, ensuring consistency in evaluating the allowability of commission payments across different assessment years. en-us Wed, 03 Aug 2022 00:00:00 +0530 Wed, 17 Aug 2022 10:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=426504 The High Court directed the Tribunal to re-examine the disallowance of commission payments under Section 37 of the Income Tax Act for multiple assessment years. The Tribunal emphasized the need for independent verification of the genuineness and reasonableness of the payments, instructing the Assessing Officer to afford the assessee a fair opportunity to present their case. The issue was restored to the A.O. for fresh consideration, ensuring consistency in evaluating the allowability of commission payments across different assessment years. Case-Laws Income Tax Wed, 03 Aug 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=426504