https://www.taxtmi.com/caselaws?id=772854 ITAT Mumbai allowed the appeal partially. The tribunal remanded the commission receipts issue (Rs. 1 crore) to AO for reconsideration, permitting the assessee to submit additional CA certificate evidence within 60 days to establish that commission income was classified as consultancy charges under Schedule N-Other income and not routed through P&L account. Regarding stamp duty penalty disallowance, ITAT ruled in favor of the assessee, holding that enhanced stamp duty payment due to delay does not constitute penalty for statutory violation, making the addition legally unsustainable. en-us Thu, 22 May 2025 00:00:00 +0530 Sat, 14 Jun 2025 06:47:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=772854 ITAT Mumbai allowed the appeal partially. The tribunal remanded the commission receipts issue (Rs. 1 crore) to AO for reconsideration, permitting the assessee to submit additional CA certificate evidence within 60 days to establish that commission income was classified as consultancy charges under Schedule N-Other income and not routed through P&L account. Regarding stamp duty penalty disallowance, ITAT ruled in favor of the assessee, holding that enhanced stamp duty payment due to delay does not constitute penalty for statutory violation, making the addition legally unsustainable. Case-Laws Income Tax Thu, 22 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=772854