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Income Tax - Highlights / Catch Notes

Home Highlights December 2015 Year 2015 This

Method of accounting of commission expenses on accrual basis - ...

Case Laws     Income Tax

December 16, 2015

Method of accounting of commission expenses on accrual basis - The payment of commission accrued only on realization of sale value and it is to be allowed when the realization of sale value which is in compliance with the agreement cited supra and disallowance is based on the above agreement brought on record by the authorities and hence, we do not find any infirmity in the orders of the authorities below, which is confirmed. - HC

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