https://www.taxtmi.com/caselaws?id=31097 The Court upheld the Tribunal's decision regarding the deduction of expenses for commission earned by an LIC agent who does not maintain books of account. The Court concluded that the assessment order was not erroneous or prejudicial to the revenue's interests, as the Assessing Officer had adopted a reasonable view. The Court respected the Tribunal's decision based on differing CIT opinions and left the question referred unanswered, ultimately maintaining the Tribunal's decision without costs. en-us Tue, 19 Feb 2008 00:00:00 +0530 Sat, 18 Oct 2008 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=31097 The Court upheld the Tribunal's decision regarding the deduction of expenses for commission earned by an LIC agent who does not maintain books of account. The Court concluded that the assessment order was not erroneous or prejudicial to the revenue's interests, as the Assessing Officer had adopted a reasonable view. The Court respected the Tribunal's decision based on differing CIT opinions and left the question referred unanswered, ultimately maintaining the Tribunal's decision without costs. Case-Laws Income Tax Tue, 19 Feb 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=31097