Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2018 (4) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2018 (4) TMI 570 - AT - Income TaxDisallowance of expenses - AO observed that rate of commission paid by the assessee is higher than the commission earned by the assessee. - Held that:- AO failed to comprehend that receipt as well as payment of commission could be in two different situations; how the receipt at a lower rate would justify the disallowance of commission payment at an higher rate. His order is without any logic. Similar is the position with regard to other disallowances. CIT(A) examined the issue with all possible angles and in detail. We do not see any reason to interfere in the order of the ld.CIT(A) on these issues. It is upheld. Appeal of the Revenue is dismissed.
|