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section 68 and 115BBE, Income Tax

Issue Id: - 113443
Dated: 28-2-2018
By:- VIRENDER GUPTA

section 68 and 115BBE


  • Contents

AO MADE ADDITIONS OF THE AMOUNT ALREADY SHOWN IN PROFIT AND LOSS ACCOUNT UNDER THE HEAD COMMISSION INCOME U/S 68 AND TAXED THIS INCOME U/S 115BBE HOLDING THAT ASSESSEE DO NOT CARRY OUT ANY BUSINESS AND ASSESSEE FAILED TO PRODUCE PERSONS FROM WHOM COMMISSION RECEIVED. DURING THE IMMIDIATLY PRECEEDING YEAR AO HELD THE SAME INCOME AS ASSESSEE'S BUSINESS INCOME. PLEASE ADVISE THE CASE LAWS IN SUPPORT OF ASSESSEE

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1 Dated: 24-7-2018
By:- DR.MARIAPPAN GOVINDARAJAN

You may file appeal to the First Appellate Authority citing your own case.


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