Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2017 (9) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2017 (9) TMI 429 - AT - Income TaxAdvance Commission shown as Sundry Creditors for advances - inaccurately treated the Commission as Advance Commission to defer the tax liability willfully adjusted in future P&L A/c and added back to income- Disallaowance of Commission paid to various parties including spouse - Recorded reason and notice u/s 148 is issued - Set off of House Property Loss against Business Income - penalty proceedings u/s. 271(1)(c) initiated for concealing/ furnishing inaccurate particulars of income - Held That :- Since this issue has been adjudicated by the then Ld. CIT(A)-XXIV, New Delhi in the assessee’s own case for the AY 2010-11 in detail in his favor. Hence, the Ld. CIT(A)-17, New Delhi has rightly followed the above decision and reject the ground raised by the Revenue
|