Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 2016 (8) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2016 (8) TMI 965 - HC - Income TaxAllowance of non-business expenditure - Whether Learned Tribunal was justified in law to allow the non-business expenditure claimed to have been given to a third party on oral understanding only? - Held that:- The question suggested by the revenue has been indicated above. From the question it appears that the payment was made to a stranger, whereas from the findings recorded both by the CIT(A) and the learned Tribunal it appears that the payment was made to a del credere agent of the assessee for the services rendered by him. Mr.Sinha is unable to improve the situation. He, as a matter of fact, did not advance any submission in support of the question suggested. We, as such, are of the opinion that there is no merit in the appeal. We, therefore, refuse to admit the same. The appeal is, therefore, dismissed.
|