TMI BlogDisallowance of Commission ExpenditureX X X X Extracts X X X X X X X X Extracts X X X X ..... M/A XYZ Co. is a seller and M/S DEF Co. is a purchaser and Mr. A is acting as a middleman / commission agent on behalf of M/S XYZ Co. ,during scrutiny proceedings the A O disallowed expenditure ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... on commission on the basis that the purchaser party deny to recognize any middleman / commission agent during the course of transaction of purchase of goods from M/S XYZ Co. However when notices wa ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s send to Mr. A he confirmed to A O that he acted as a commission agent, still the A O disallowed all the commission expenditure just because M/S DEF Co. i. e. the purchaser party issued a negative ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... reply that no commission agent was involved. In this regard I want to know that on what basis I can get relief from CIT Appeal. - Reply By MARIAPPAN GOVINDARAJAN - The Reply = Please send the cop ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... y of the order of AO to my email id [email protected] for giving further advice. - Reply By Ashok Patil - The Reply = Submit the documentary evidences that Mr. A has offered the income earned i ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... .e. commission to tax in his return of income. - Disallowance of Commission Expenditure - Query Started By: - RAVI SONI Dated:- 26-5-2015 Income Tax - Got 2 Replies - Income Tax - Discussion Forum ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
|