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2013 (12) TMI 603 - HC - Income TaxWhether confirmation form party are sufficient to hold that such services were actually rendered by the parties - Held that:- Evidence is produced to show brokerage was paid and the brokerage was duly acknowledged and the recipient has accounted for it in its books of accounts and has offered it for tax - The Tribunal has given cogent reasons why it has not granted benefit to the assessee - The material on record shows the persons to whom the brokerage was paid, who are interested are closely connected to the Directors of the assesee Company - Though book entrites were there and the Revenue offered it for tax, on appreciation of the entire material on record, they have recorded a categorical finding that no such brokerage fee was paid - When the evidence on record discloses that the amounts paid were not brokerage, merely because the amounts were confirmed that by itself would not enable the assessee to claim the exemption - Decided against assessee.
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