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Income Tax - Highlights / Catch Notes

Home Highlights February 2016 Year 2016 This

Disallowance of secret commission - CIT(Appeals) has not ...


Secret Commission Disallowance Limited to 1% of Turnover by CIT(Appeals); Higher Court Finds No Further Action Needed.

February 27, 2016

Case Laws     Income Tax     HC

Disallowance of secret commission - CIT(Appeals) has not disallowed the entire claim but limited it to 1% of the turnover of the assessee - When these are the parameters which the CIT(Appeals) considered, for restricting the claim, no interference is required - HC

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