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2014 (2) TMI 122 - HC - Income TaxDeduction of buyers commission from the sale proceeds – Held that:- The claim of the assessee accepted relating to the subsequent assessment year 2004-05 - It further pointed out that even for the subsequent assessment year, the bills produced clearly showed the net amount paid after deducting the commission in the bills - There was no ground to disturb the finding of fact given by the Tribunal - Ongoing through the relevant bills as well as the accounts of the assessee, the authorities below came to the conclusion on the genuineness of the payment made to the agent while negotiating the sale and that when the Department had accepted this practice for the subsequent year – Decided against Revenue.
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