Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 2014 (1) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2014 (1) TMI 346 - KERALA HIGH COURTDisallowance of commission - Held that:- The Court fails to understand why Mr Vinod has not even filed his IT returns if huge amounts of commission was received, as claimed by the assessee company - The stand of the assessee before the Assessing Officer was that these amounts were paid to the employees of Beverages Corporation and retail outlet employees and in the remand report when the statement of Mr. Vinod came to be recorded it was the commission paid to him during those years - The very role played by Mr. Vinod in the affairs of the company and also the amount said to have been paid by him to the Managing Director, all looks very suspicious - The authorities were justified in rejecting the stand of the assessee - The amounts claimed were paid as commission but to whom paid becomes a very doubtful issue - The Assessing Officer and Tribunal was justified in disallowing the claims made by the assessee – Decided against assessee.
|