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Income Tax - Highlights / Catch Notes

Home Highlights September 2016 Year 2016 This

Once the commission is accepted to have been paid, there is no ...


Tax Authority Cannot Disallow Commission Payment as Excessive; Business Discretion Must Be Respected.

September 21, 2016

Case Laws     Income Tax     AT

Once the commission is accepted to have been paid, there is no logic in disallowing such expenditure by holding that it was excessive. It is for the assessee to determine the way in which it has to carry on its business. - AT

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