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Income Tax - Highlights / Catch Notes

Home Highlights September 2020 Year 2020 This

Disallowance of commission expenses - Non-service of letters to ...

Case Laws     Income Tax

September 1, 2020

Disallowance of commission expenses - Non-service of letters to the buyers or non-compliance of the letters by the buyers does not show that the payment of commission was not genuine when the relative sale was considered genuine and accepted by the department. Further, non Smt. furnishing of the name of the buyers by agent in compliance to the notice does not necessarily mean that the agent is not aware of the buyers - Claim of expenses cannot be denied - AT

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