Wednesday, March 31, 2021

Deduction for sales commission not allowable as assessee failed to prove that exp. was incurred for business

INCOME TAX : Where assessee failed to prove that payments of sales commission made to foreign firms were in connection with business of assessee, deduction was rightly disallowed

from www.taxmann.com Latest Case Laws https://ift.tt/3m6kmHy

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

INCOME TAX : Where assessee had purchased a flat and incurred expenditure of Rs. 23 lakhs for purpose of renovating house and Assessing Offi...