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Income Tax - Highlights / Catch Notes

Home Highlights June 2014 Year 2014 This

Disallowance on transport and commission expenses – until and ...


Transport and Commission Expenses Disallowance Requires Proof of Illicit Payments to Saddam Hussain, Not Business Parties.

June 18, 2014

Case Laws     Income Tax     AT

Disallowance on transport and commission expenses – until and unless it is otherwise proved that the payment was an illicit payment to the Saddam Hussain regime and not to the parties it cannot be concluded that the payments are not made for the purpose of business of the assessee - AT

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