TMI BlogGenuineness of expenditure - CIT(A) deleted the additions - CIT(A) went into detail to evaluate the...Genuineness of expenditure - CIT(A) deleted the additions - CIT(A) went into detail to evaluate the identity of commission recipient and genuineness of expenditure of all recipient entities and thereafter, drawn party wise conclusion and directed the AO to delete the entire addition made by the Assessing Officer on account of brokerage of commission paid to the various brokers. The conclusion drawn by the ld. CIT(A) is based on proper appreciation of facts. - AT ..... X X X X Extracts X X X X X X X X Extracts X X X X
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