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Income Tax - Highlights / Catch Notes

Home Highlights September 2019 Year 2019 This

Commission paid to HUF - meaning and import of the term “agent” ...

Income Tax

September 19, 2019

Commission paid to HUF - meaning and import of the term “agent” - 'AO's action in disallowing the impugned expenses have been made on extremely thin and specious grounds that the buyers were not found or did not respond or disclaimed any knowledge of the agents or that the agents were not able to remember the buyers or were not able to furnish detailed particulars about them or for the reason that the Commission agents were HUFs. - AT

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