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Income Tax - Highlights / Catch Notes

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Disallowance of commission expenses - the agents had no ...

Income Tax

May 16, 2017

Disallowance of commission expenses - the agents had no knowledge of the product sold, had no links with the purchasers, had claimed the receipt of commission only for introducing the buyers and the fact that most of the buyers were known to the assessee and did not require any introduction, seals the matter against the assessee. - AT

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