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2016 (1) TMI 785 - MADRAS HIGH COURTEntitlement to the benefit of commission, purportedly paid by the assessee to its commission agents - Held that:- Having considered the value and utility of the PAN, viz-a-viz, the power of the Income-Tax Authorities, it may not be difficult for the Income Tax Department to track the transactions of the Commission Agents. Considering the scope of submissions made on both sides and also considering the scope of enquiries that can be made utilizing the power under section 131 of the Income Tax Act, 1961, we are of the view that the matter must be remanded back to the Assessing Officer, with liberty to both sides to place materials with reference to the contentions raised on both sides. Having regard to the limited scope of remand, the Assessing Officer shall pass orders as expeditiously as possible.
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