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Income Tax - Highlights / Catch Notes

Home Highlights August 2018 Year 2018 This

Disallowance towards commission expenditure - The payments in ...


Court Upholds Commission Payments as Genuine; No Tax Additions Due to Lack of Evidence Against Transactions.

August 29, 2018

Case Laws     Income Tax     AT

Disallowance towards commission expenditure - The payments in commission are made on a monthly/periodical basis based on the clearing of the bills of the assessee pursuant to periodical invoices raised by those commission agents - payments are made by a/c payee cheques - no iota of evidence to suspect the genuineness of these transactions - No additions.

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