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Income Tax - Highlights / Catch Notes

Home Highlights April 2015 Year 2015 This

Disallowance u/s40A(2)(b) - commission paid to his son, daughter ...


High Court Rules Tax Status of Recipients Irrelevant in Deductibility of Commissions u/s 40A(2)(b.

April 8, 2015

Case Laws     Income Tax     HC

Disallowance u/s40A(2)(b) - commission paid to his son, daughter and daughters-in-law - the fact that the recipients of the alleged commission in the present case had paid tax at the highest level is irrelevant to the question whether the appellant was entitled to deduct the amounts paid to them as commission - HC

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