ITAT allowed deduction of commission not recovered by assessee providing accommodation entry to his clients

INCOME TAX: Where assessee for relevant year had estimated his undisclosed income to tune of Rs. 3 crore from his illegal activity of providing accommodation entry after survey on his premises but he could recover only Rs. 1.38 crore during relevant year, balance sum to be allowed as a deduction to assessee

from www.taxmann.com Latest Case Laws https://ift.tt/31Csyao