https://www.taxtmi.com/caselaws?id=450315 The ITAT Visakhapatnam quashed the CIT's revision order under section 263 regarding commission payments. The assessee company paid approximately 3.03% of total turnover as commission to agents. Despite discrepancies in GST calculations between commission bills and audit reports, the tribunal held that genuine transactions with proper agreements, banking channel payments, and TDS deductions cannot be questioned merely due to large amounts. The tribunal emphasized that business decisions are beyond revenue scrutiny when supported by adequate documentation including agreements, sale deeds, and buyer confirmations. The appeal was allowed. en-us Wed, 28 Feb 2024 00:00:00 +0530 Sat, 02 Mar 2024 10:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=450315 The ITAT Visakhapatnam quashed the CIT's revision order under section 263 regarding commission payments. The assessee company paid approximately 3.03% of total turnover as commission to agents. Despite discrepancies in GST calculations between commission bills and audit reports, the tribunal held that genuine transactions with proper agreements, banking channel payments, and TDS deductions cannot be questioned merely due to large amounts. The tribunal emphasized that business decisions are beyond revenue scrutiny when supported by adequate documentation including agreements, sale deeds, and buyer confirmations. The appeal was allowed. Case-Laws Income Tax Wed, 28 Feb 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=450315