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Income Tax - Highlights / Catch Notes

Home Highlights May 2017 Year 2017 This

Disallowance of commission expenses - the agents had no ...


Commission Disallowed: Agents Lacked Product Knowledge and Connections; Buyers Already Known to Assessee.

May 16, 2017

Case Laws     Income Tax     AT

Disallowance of commission expenses - the agents had no knowledge of the product sold, had no links with the purchasers, had claimed the receipt of commission only for introducing the buyers and the fact that most of the buyers were known to the assessee and did not require any introduction, seals the matter against the assessee. - AT

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