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Income Tax - Highlights / Catch Notes

Home Highlights February 2016 Year 2016 This

Disallowance of commission payment on sale of property - the ...


Commission Payment Disallowed on Property Sale Due to Lack of Proof by Assessee, CIT(A) Justifies Decision.

February 23, 2016

Case Laws     Income Tax     AT

Disallowance of commission payment on sale of property - the assessee has not discharged the initial burden cast upon it first to prove the genuineness of payment. Therefore, the CIT(A) is justified in disallowing the payment of brokerage to three persons. - AT

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