Saturday, January 16, 2021

Benefit of Rule 6DD(k) not available if no amount was debited in Pamp;L a/c reflecting commission payment to agent

INCOME TAX : Benefit of Rule 6DD(k) is not available if assessee claimed to have sold goods with help of commission agent but there was no amount debited in his profit and loss account reflecting commission payment

from www.taxmann.com Latest Case Laws https://ift.tt/35N6cUN

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AO can’t disallow cost of improvement merely relying on enquiries made with assessee’s neighbour: ITAT

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