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Income Tax - Highlights / Catch Notes

Home Highlights July 2017 Year 2017 This

Disallowance of commission as business expenditure - the agents ...

Income Tax

July 3, 2017

Disallowance of commission as business expenditure - the agents had no knowledge of the product sold, had no links with the purchasers, had claimed 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.

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