https://www.taxtmi.com/caselaws?id=430397 The appeal was partly allowed. The disallowance of commission expenses under Section 37(1) of the Income Tax Act was overturned in favor of the Public Limited Company, as the Tribunal found evidence supporting the incurrence of the expenses in the current financial year. However, the disallowance of business promotion expenses was upheld, as the expenses lacked sufficient evidence to demonstrate they were incurred wholly and exclusively for business purposes. en-us Tue, 15 Nov 2022 00:00:00 +0530 Fri, 18 Nov 2022 05:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=430397 The appeal was partly allowed. The disallowance of commission expenses under Section 37(1) of the Income Tax Act was overturned in favor of the Public Limited Company, as the Tribunal found evidence supporting the incurrence of the expenses in the current financial year. However, the disallowance of business promotion expenses was upheld, as the expenses lacked sufficient evidence to demonstrate they were incurred wholly and exclusively for business purposes. Case-Laws Income Tax Tue, 15 Nov 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=430397