Taxpayer's Foreign Commission Payments Upheld; Stock Valuation Method Sent for Review.

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....Disallowance of sales commission paid to two Associated Enterprises (AEs) being foreign entities - assessee failed to discharge the onus of proving legitimate business requirement and genuineness of payment by submitting relevant documentary proof. CIT(A) deleted the addition without calling for a remand report from the AO, violating Rule 46A. Matter needs to be restored to CIT(A) for adjudicating sales commission again. Sales commission paid to Heubach GMBH - assessee discharged onus, Revenue failed to provide cogent material to disallow, CIT(A)'s order upheld. Sales commission paid to Darlington Enterprises - assessee discharged onus, Revenue failed to provide cogent material to disallow, CIT(A)'s order upheld. Undervaluation of finished/.........