INCOME TAX : Where assessee explained that he was maintaining all regular books of account and other records for commission income and he had also incurred certain expenses, which could be verified and ledger account of commission income was furnished, along with party wise details and available addresses and amount of commission, there was no justification in treating commission income as unexplained cash credit
from www.taxmann.com Latest Case Laws https://www.taxmann.com/research/direct-tax-laws/top-story/101010000000317332/ao-can’t-treat-commission-income-as-unexplained-income-without-considering-details-submitted-by-assessee.aspx
No comments:
Post a Comment