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2014 (3) TMI 25 - AT - Income TaxDeletion made on commission expenses - Held that:- CIT(A) held that the payment made by the appellant to the various specific persons be called as commission or rebate or incentive, was for the purpose of business and in accordance with the prevalent business trends in this trade - in the assessee’s business, it is a common practice to provide rebate or commission or incentive to various persons with whom the assessee has brokered the deal – thus, the commission has been paid for the business purpose of the assessee – Decided against Revenue. Deletion made on account of STCG – Held that:- CIT(A) was of the view that the payment paid to the builder directly was only one form of payment of installment by the appellant either the same should have been added in the cost of acquisition and also in the sale proceeds or should have been eliminated from both as was done by the appellant - The assessee has sold property for a sale consideration - The CIT (A) deleted the addition by holding that direct payment to M/s. DLF Universal Ltd. was only one form of payment of installment to builder, M/s. DLF Universal Ltd - In one way, it has to be added to the cost of acquisition if this added to the sale proceeds for working out the taxability, income has no impact – the order of the CIT(A) upheld – Decided against Revenue.
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