https://www.taxtmi.com/caselaws?id=36725 The court reviewed the case involving deduction of commission payments by a stevedoring contractor. The Tribunal disallowed 15% of the claimed commission payments for each assessment year, citing lack of details on cargo tonnage cleared. The court upheld the Tribunal's decision, emphasizing the necessity of evidence for business expenditures and clarifying the importance of establishing the genuineness of payments for tax deductions under the Income-tax Act, 1961. en-us Wed, 09 Jan 1980 00:00:00 +0530 Wed, 24 Mar 2010 11:35:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=36725 The court reviewed the case involving deduction of commission payments by a stevedoring contractor. The Tribunal disallowed 15% of the claimed commission payments for each assessment year, citing lack of details on cargo tonnage cleared. The court upheld the Tribunal's decision, emphasizing the necessity of evidence for business expenditures and clarifying the importance of establishing the genuineness of payments for tax deductions under the Income-tax Act, 1961. Case-Laws Income Tax Wed, 09 Jan 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=36725