Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2016 (3) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2016 (3) TMI 678 - AT - Income TaxDisallowance of commission - assessee is an individual engaged in the business of export of engineering goods to USA and gulf countries - CIT(A) deleted the disallowance of commission u/s 37(1) - Held that:- Assessee has discharged his onus regarding the commission on both the counts viz. (i) that the payment was actually made; and (ii) that the payment was made for the purpose of business. As far as the issue of allowing additional evidence to be submitted before the Ld. CIT(A) is concerned, the Ld. CIT(A) has given a specific finding in Para 5.1 of the impugned order that, “the appellant has certified that all the evidences relied upon were provided to the Assessing Officer during assessment proceedings .” Therefore, on an overall consideration of the facts of the case, we are not inclined to interfere with the findings recorded by the Ld. CIT (A) - Decided against revenue
|