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2015 (10) TMI 2488 - ITAT JAIPURG.P. rate determination - Held that:- Looking on the facts on record, interest of justice will be served if the trading addition is restricted to Rs. One lac instead of ₹ 2 lacs retained by the ld CIT(A). This ground is partly allowed in favour of assessee. Disallowance U/s 40a(ia) on account of commission expenses claimed - Held that: - As it has not been disputed that the entire amount of commission was paid during the year and there was no payable amount at the end of the year. In view thereof, the Hon’ble Allahabad High Court judgment in case of Vector Shipping Services Pvt. Ltd. (2013 (7) TMI 622 - ALLAHABAD HIGH COURT ) is fully applicable. CIT(A) correctly deleted the addition - Decided in favour of assessee.
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