Commission paid to director is allowable business expenditure ...

Commission paid to director is allowable business expense. Substantial evidence of services & benefits provided. Weighted deduction claim u/s 35(2AB) allowed in full.

Case Laws Income Tax

July 31, 2024

Commission paid to director is allowable business expenditure u/s 36(1)(ii) as assessee provided substantial evidence demonstrating services rendered and resultant benefits; AO failed to prove payment was made to avoid DDT. Weighted deduction claim u/s 35(2AB) allowed in full; AO cannot solely rely on DSIR report without considering assessee's books of accounts and chartered accountant's certification. Principles of natural justice require providing reasons for reducing claim and opportunity to respond.

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Commission paid to director is allowable business expenditure ...

Commission paid to director is allowable business expense. Substantial evidence of services & benefits provided. Weighted deduction claim u/s 35(2AB) allowed in full.

Case Laws Income Tax

July 31, 2024

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