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Income Tax - Highlights / Catch Notes

Home Highlights April 2020 Year 2020 This

Addition of commission income - estimation commission income of ...

Case Laws     Income Tax

April 4, 2020

Addition of commission income - estimation commission income of the assessee for 207 days - set off with the income already disclosed by the assessee - the only method which could be adopted is to work out total commission income for 207 days by whatever method, then debit that commission income from the amount already disclosed by the assessee plus expenditure and the remaining will be taxable. - Part of the additions deleted.

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