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Disallowance of Commission Expenditure

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..... Disallowance of Commission Expenditure
Query (Issue) Started By: - RAVI SONI Dated:- 26-5-2015 Last Reply Date:- 29-5-2015 Income Tax
Got 2 Replies
Income Tax
M/A XYZ & Co. is a seller an .....

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..... d M/S DEF & Co. is a purchaser and Mr. A is acting as a middleman / commission agent on behalf of M/S XYZ & Co. ,during scrutiny proceedings the A O disallowed expenditure on commission on the basis t .....

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..... hat the purchaser party deny to recognize any middleman / commission agent during the course of transaction of purchase of goods from M/S XYZ & Co. However when notices was send to Mr. A he confirmed .....

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..... to A O that he acted as a commission agent, still the A O disallowed all the commission expenditure just because M/S DEF & Co. i. e. the purchaser party issued a negative reply that no commission age .....

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..... nt was involved. In this regard I want to know that on what basis I can get relief from CIT Appeal. Reply By MARIAPPAN GOVINDARAJAN: The Reply: Please send the copy of the order of AO to my email .....

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..... id [email protected] for giving further advice. Reply By Ashok Patil: The Reply: Submit the documentary evidences that Mr. A has offered the income earned i.e. commission to tax in his return o .....

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..... f income.
Discussion Forum - Knowledge Sharing .....

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