https://www.taxtmi.com/caselaws?id=55431 The Tribunal ruled in favor of the appellant, deleting the disallowance of commission payment made under section 40A(2) of the Income Tax Act for all years. The Tribunal emphasized the need for genuine services or transactions to apply the provision, highlighting the burden on the Income Tax Officer to establish the genuineness of expenditure and fair market value of services. As the necessary evaluations were not conducted by the ITO, all appeals were allowed, and the order of the first appellate authority was modified accordingly. en-us Sat, 19 Oct 1985 00:00:00 +0530 Sat, 27 Nov 2010 10:33:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=55431 The Tribunal ruled in favor of the appellant, deleting the disallowance of commission payment made under section 40A(2) of the Income Tax Act for all years. The Tribunal emphasized the need for genuine services or transactions to apply the provision, highlighting the burden on the Income Tax Officer to establish the genuineness of expenditure and fair market value of services. As the necessary evaluations were not conducted by the ITO, all appeals were allowed, and the order of the first appellate authority was modified accordingly. Case-Laws Income Tax Sat, 19 Oct 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=55431