Tax Management India. Com
Law and Practice  :  Digital eBook
Research is most exciting & rewarding
  TMI - Tax Management India. Com
Follow us:
  Facebook   Twitter   Linkedin   Telegram
Income Tax - Highlights / Catch Notes

Home Highlights February 2017 Year 2017 This

The claim of the assessee to allow expenses from the income ...


Tax Deduction Denied: Expenses from Commission on Accommodation Entries for Transportation Not Allowed for Deduction.

February 3, 2017

Case Laws     Income Tax     AT

The claim of the assessee to allow expenses from the income earned by way of commission on providing accommodation entries of transportation is rejected. - AT

View Source

 


 

You may also like:

  1. Estimation of commission income - Providing Accommodation entries - Unexplained deposits/loans - when a person is engaged in the clandestine activities of providing...

  2. Addition u/s 68 - bogus LTCG - share capital and share premium were merely paper credit entries - receipt of accommodation entries in lieu of commission paid - The...

  3. Protective addition on account of unexplained credit entries appearing in the bank account - assessee company is a conduit - addition on account of unaccounted...

  4. Addition u/s 68 - Estimation of commission on accommodation entries - Though, it can be accepted that in case of accommodation entry provider only commission can be...

  5. Addition relating to alleged commission / interest - even if the loan provided by the family members of the assessee to Bajaj Group is not actual loan and is only...

  6. Accommodation entries - Entry providing business - commission on accommodation entries by way of purchase and sale bills to the needy parties - only commission is...

  7. Addition of commission income - accommodation entry provider - commission income with respect to the transaction entered into by the entry operator are required to be...

  8. Disallowance of commission expenses - income from providing accommodation entries - Weightage rate of commission - the objections of the assessee that commission...

  9. Accommodation entries - Estimation of income - the addition cannot be made on the basis of any hypothesis presumption albeit it has to be based on evidences or material...

  10. ITAT ruled against disallowance of transportation expenses, finding the Assessing Officer failed to establish statutory grounds u/s 37 for rejection. The tribunal...

  11. Reopening of assessment - accommodation entries - nothing concrete was brought on record to substantiate that the assessee received any entry or made payment for...

  12. The ITAT addressed various issues: disallowance u/s 40(a)(ia) for year-end provisions, deduction u/s 10AA for interest income, TDS u/s 195 for subscription fees, foreign...

  13. Disallowance of sub-contract payments for land development expenses - accommodation entries for income and expenditure both - Assessee have not executed any work except...

  14. Addition on account of commission income for obtaining accommodation entries - addition cannot be made merely on the presumption that family concerns have admitted...

  15. Allowability of a claim of expenditure u/s. 37(1) - deduction of commission expenses - A.O had failed to give any justifiable reason as regards declining of the...

 

Quick Updates:Latest Updates