2021 (3) TMI 642 - SCH - Income Tax

Addition u/s.36(i)(ii) - Commission paid to directors - whether in the nature of Dividend - rule of consistency - payment to Directors/shareholders was hit by the provisions of section 36(1)(ii) as the said commission would have been payable to the Directors as dividend and accordingly disallowed the same - Bogus purchases - Disallowance of insurance expense - Allowable revenue expenditure - HELD THAT - There is a delay of 452 days in filing this Special Leave Petition and we do not find any justifiable reason to condone this huge delay. The Special Leave Petition is accordingly dismissed on the ground of delay.