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

Commission Expenses Valid Despite Non-Service of Letters; Sales Acceptance Confirms Genuineness; Agent's Response Not Critical.

September 1, 2020

Case Laws Income Tax AT

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

Commission Expenses Valid Despite Non-Service of Letters; Sales Acceptance Confirms Genuineness; Agent's Response Not Critical.

September 1, 2020

Case Laws Income Tax AT

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