https://www.taxtmi.com/caselaws?id=437662 The Tribunal upheld the Commissioner of Income Tax (Appeals)' decision to delete the addition of Rs. 53,89,163 made by the Assessing Officer on account of commission income for the Assessment Year 2012-2013. The Tribunal found that the net commission income shown in the books, after adjusting for commissions to sub-agents and discounts to customers, was legitimate. The Tribunal dismissed the Revenue's appeal, concluding that the discounts to customers were valid expenses and there was no flaw in the CIT-A's order. en-us Wed, 19 Apr 2023 00:00:00 +0530 Wed, 10 May 2023 16:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=437662 The Tribunal upheld the Commissioner of Income Tax (Appeals)' decision to delete the addition of Rs. 53,89,163 made by the Assessing Officer on account of commission income for the Assessment Year 2012-2013. The Tribunal found that the net commission income shown in the books, after adjusting for commissions to sub-agents and discounts to customers, was legitimate. The Tribunal dismissed the Revenue's appeal, concluding that the discounts to customers were valid expenses and there was no flaw in the CIT-A's order. Case-Laws Income Tax Wed, 19 Apr 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=437662