https://www.taxtmi.com/caselaws?id=430054 The Tribunal upheld the deletion of Rs.1,56,12,800/- in a case involving disputed commission and brokerage payments. While acknowledging the lack of full substantiation by both parties, the Tribunal criticized the AO for inadequate verification of transactions and focused on only a subset of recipients. Ultimately, a lump sum disallowance of Rs.12.21 lakhs for the cash component was made, with the Tribunal cautioning against treating this decision as a precedent. The Revenue's appeal was partially allowed. en-us Fri, 04 Nov 2022 00:00:00 +0530 Thu, 10 Nov 2022 12:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=430054 The Tribunal upheld the deletion of Rs.1,56,12,800/- in a case involving disputed commission and brokerage payments. While acknowledging the lack of full substantiation by both parties, the Tribunal criticized the AO for inadequate verification of transactions and focused on only a subset of recipients. Ultimately, a lump sum disallowance of Rs.12.21 lakhs for the cash component was made, with the Tribunal cautioning against treating this decision as a precedent. The Revenue's appeal was partially allowed. Case-Laws Income Tax Fri, 04 Nov 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=430054