https://www.taxtmi.com/caselaws?id=57330 The Tribunal dismissed the Revenue's appeal, upholding the CIT(A)'s decisions on all grounds. The disallowance of commission paid to a partner was deemed a discount on sales, not subject to IT Act provisions. Unexplained credits were attributed to the individual partner, not the firm, supported by capital introduction evidence. Traveling expenses for foreign travel were allowed as business-related, following the Calcutta High Court's ruling. The Tribunal found no reason to interfere with the CIT(A)'s orders, affirming the assessment for the relevant year. en-us Wed, 29 Dec 2004 00:00:00 +0530 Thu, 09 Dec 2010 16:24:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=57330 The Tribunal dismissed the Revenue's appeal, upholding the CIT(A)'s decisions on all grounds. The disallowance of commission paid to a partner was deemed a discount on sales, not subject to IT Act provisions. Unexplained credits were attributed to the individual partner, not the firm, supported by capital introduction evidence. Traveling expenses for foreign travel were allowed as business-related, following the Calcutta High Court's ruling. The Tribunal found no reason to interfere with the CIT(A)'s orders, affirming the assessment for the relevant year. Case-Laws Income Tax Wed, 29 Dec 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=57330