Wednesday, February 17, 2021

Commission paid to agent for acquiring the property shall form part of cost of acquisition

INCOME TAX : Where Assessing Officer disallowed payment of commission while computing cost of acquisition of property, however, party who had received commission payment confirmed that they had received commission and payment had been made by cheque, Assessing Officer could not have doubted genuineness of these payments and payments being inextricably linked to acquisition of impugned property,

from www.taxmann.com Latest Case Laws https://ift.tt/37mtYI4

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