Disallowance of Commission Expenses - prior period expenditure - ...

Court Overturns Disallowance of Commission Expenses, Rules Payment Not a Prior Period Expense Despite Poor Sales Performance.

November 18, 2022

Case Laws Income Tax AT

Disallowance of Commission Expenses - prior period expenditure - due to poor sales performance, security was forfeited and adjusted - on request the same restored and commission paid in subsequent year after deduction of TDS - Thus, the findings of the ld CIT(A) holding that payment was on account of royalty and a prior period expense cannot be sustained. - AT

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Disallowance of Commission Expenses - prior period expenditure - ...

Court Overturns Disallowance of Commission Expenses, Rules Payment Not a Prior Period Expense Despite Poor Sales Performance.

November 18, 2022

Case Laws Income Tax AT

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