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Section 37(1) Commission Disallowance Deleted Despite Unserved Section 133(6) Notices: ITAT Kolkata
Case Law Details
- Case Name
- Olivine International Vs DCIT (ITAT Kolkata)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2013-14
- Courts
- All ITAT, ITAT Kolkata
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Olivine International Vs DCIT (ITAT Kolkata)
The appeal concerned the disallowance of Rs. 23,88,636 towards brokerage and commission for AY 2013-14. The assessee challenged the order of the Commissioner of Income-tax (Appeals), who had upheld the Assessing Officer’s disallowance despite the assessee’s claim that the expenditure was incurred wholly and exclusively for business purposes and was allowable under Section 37(1) of the Income-tax Act.
The assessee, engaged in the business of trading in medicines, surgical goods, chemicals and medical equipment, had cl...
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