2009 (4) TMI 942

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....tated before us pertains to a sum of ₹ 32 lakhs approximately paid as commission by the assessee to several parties. The impugned Order details 18 such persons and also expresses satisfaction that the payments were genuine. Ms. Bansal, learned counsel appearing for the revenue, contends that the payments of commission is not in issue. The argument is that there was no consideration or cause ....

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....e to show that the amount of commission came back to the assessee in any form. Since the assessee has given full details including the addresses of buyers and addresses of the agents, as well as details of payment etc. the transactions of payment of commission as well as the aspect of rendering services by the commission agents were fully verifiable. However, neither the Assessing Officer nor the ....

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....es before tax, inter alia of which included ₹ 25.68 crores of export turnover. The turnover we are concerned with is stated to be ₹ 3.74 crores on which the commission has been paid. It has been pointed out by Ms. Bansal that rather than the stated 0.05 per cent the commission, the commission works out to 1.5 per cent in relation to local sales and 7 per cent as far as export turnover ....