https://www.taxtmi.com/caselaws?id=450686 ITAT Mumbai held that export commission paid by assessee merchant exporter was allowable business expenditure. AO disallowed excess commission comparing it to preceding year (5.75% vs 9.79% of sales). Tribunal found commission paid to UAE entity was genuine, not to related party, and increase justified due to difficult export market conditions requiring extra efforts. Mere comparison with previous year insufficient to disallow expenditure incurred wholly for business purposes. Disallowance deleted, decided in favor of assessee. en-us Tue, 27 Feb 2024 00:00:00 +0530 Mon, 11 Mar 2024 06:25:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=450686 ITAT Mumbai held that export commission paid by assessee merchant exporter was allowable business expenditure. AO disallowed excess commission comparing it to preceding year (5.75% vs 9.79% of sales). Tribunal found commission paid to UAE entity was genuine, not to related party, and increase justified due to difficult export market conditions requiring extra efforts. Mere comparison with previous year insufficient to disallow expenditure incurred wholly for business purposes. Disallowance deleted, decided in favor of assessee. Case-Laws Income Tax Tue, 27 Feb 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=450686