Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2014 (5) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2014 (5) TMI 426 - AT - Income TaxAddition made on payment of commission – Held that:- CIT(A) rightly considered the fact that most of the commission has been verified and accepted as reasonable and assessee also furnished confirmation along with Form 16A, noticed that insisting of income tax return may be an excess requirement but that is not required for establishing the payment as genuine – there was no reason to interfere in the order of the CIT(A) – Decided against Revenue. Disallowance u/s 40(a)(ia) of the Act – Held that:- Following CIT vs. Valibhai Khanbhai Mankad [2012 (12) TMI 413 - GUJARAT HIGH COURT] - failure to comply with requirement to furnish details to income tax authority in prescribed Form within prescribed time by payee may result in some adverse consequences but such failure cannot be visualised by adverse consequences provided u/s 40(a)(ia) – there was no reason to interfere in the order of CIT(A) – Decided against Revenue. Payment for farmers awareness programme – Held that:- There is nothing on record to indicate that the expenditure is not genuine - farmers awareness programme was being conducted regularly by the assessee and assessee’s turnover is also increasing corresponding with the expenditure - Mr. Ummaheswara Rao has confirmed the payment and being an assessee also on record and the amounts were paid by way of cheque in the later year, there is no need to doubt the expenditure which was incurred in the course of business – the order of the CIT(A) is upheld – Decided against Revenue.
|