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Income Tax - Highlights / Catch Notes

Home Highlights January 2019 Year 2019 This

Disallowance of payment of commission - The fact that the amount ...


Taxpayer Must Justify Year-End Commission Payment Due to Suspicious Timing and Quick Withdrawal.

January 16, 2019

Case Laws     Income Tax     AT

Disallowance of payment of commission - The fact that the amount was transferred at the fag end of the financial year in the accounts of these parties and immediately thereafter was withdrawn again shifting the burden on the assessee to prove the claim of expenditure.

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