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2011 (1) TMI 1055 - AT - Income TaxDisallowance OF expenses claimed on account of earning commission income - According to the assessee, she had incurred total expenditure under various heads to the tune of Rs. 13,07,755, which were directly related to her earning of commission income and this has resulted in net commission income of Rs. 7,04,175 which was also not disputed by the AO - assessee was not required to maintain accounts as per the provisions of section 44AA of the IT Act, 1961 and as such no adverse inference in this respect is warranted - Held that:- The authorities below did not dispute the heads of expenditure, but they merely doubted the quantum of the same for lack of supporting evidence - It is a fact that except filing month-wise details of expenditure and statements of accounts, the assessee also could not produce any evidence in support of the expenditure - disallowance is restricted to 10 per cent of the total expenses claimed - the appeal of the assessee is partly allowed
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