https://www.taxtmi.com/caselaws?id=775422 The ITAT Jaipur held that disallowance of professional expenses under section 37(1) on the ground of non-genuine payment was not justified merely because notice under section 133(6) was not served to third parties. The assessee provided sufficient evidence, uncontroverted by the department, to establish the genuineness of payments to corporate entities. The tribunal relied on Supreme Court precedents, ruling that non-appearance of third parties does not warrant adverse inference. The assessee demonstrated that its business was limited to commission agency and not trading. Consequently, the ITAT allowed the assessee's grounds and upheld the claim of professional expenses. en-us Mon, 21 Jul 2025 00:00:00 +0530 Fri, 25 Jul 2025 08:28:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=775422 The ITAT Jaipur held that disallowance of professional expenses under section 37(1) on the ground of non-genuine payment was not justified merely because notice under section 133(6) was not served to third parties. The assessee provided sufficient evidence, uncontroverted by the department, to establish the genuineness of payments to corporate entities. The tribunal relied on Supreme Court precedents, ruling that non-appearance of third parties does not warrant adverse inference. The assessee demonstrated that its business was limited to commission agency and not trading. Consequently, the ITAT allowed the assessee's grounds and upheld the claim of professional expenses. Case-Laws Income Tax Mon, 21 Jul 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=775422