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Income Tax - Highlights / Catch Notes

Home Highlights January 2012 Year 2012 This

Whether a transaction is shame - held that:- The existence or ...


Transaction's Validity Not Solely Based on Written Agreement; Sham Document Conclusion Overturned.

January 17, 2012

Case Laws     Income Tax     AT

Whether a transaction is shame - held that:- The existence or non-existence of written agreement would not be fatal to claim deduction on account of expenditure on account of commission. - the finding of the AO with regard to the agreement being a sham document cannot be sustained.... - AT

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