Search Results Page

Search Results

1 - 1 of 1 (0.27 seconds)

M/S Dashmesh Mechanical Works, ... vs Department Of Income Tax on 15 November, 2011

All the persons were identif iable, details of sales made through them was avail able; payment was made through account payee cheque incase of all persons except one to whom it has been paid in kind and had been accounted f or by each person in his return of income. The increase in commission expenses cannot be the basis of any disallo wance especially when the genuineness of the same stands established. The expenses have been incurred wholly and exclusively for the purpose of 7 business keeping in vie w the ratio of judgment of Hon'ble Supreme Court in the case of Sassoon J David Company P.Ltd. v CIT 118 ITR 261 and the Hon'ble jurisdictional ITAT in the case of Smt.Satinder jeet Kaur v ITO 52 TTJ 388, it is held that the ld. AO was not justif ied in making disallo wance of commission expenses of Rs.1162770/-. The addition of Rs.1162770/- is theref ore deleted."
Income Tax Appellate Tribunal - Chandigarh Cites 8 - Cited by 0 - Full Document
1