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In absence of proof Brokerage on Sale of Property not allowable
Case Law Details
- Case Name
- Lakshminarayana Gupta Vs CIT(A) (ITAT Bangalore)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2017-2018
- Courts
- All ITAT, ITAT Bangalore
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Lakshminarayana Gupta Vs CIT(A) (ITAT Bangalore)
The solitary issue that is raised in this appeal is with regard to the disallowance of brokerage claim amounting to Rs.2,17,000/-. It is claimed that assessee had incurred brokerage of Rs. 3,10,000 regarding sale of a property.
The assessee has not produced any proof/evidences to substantiate that he had paid brokerage on the sale of property. Since there is no evidence on record, ITAT confirmed the disallowance of brokerage claim amounting to Rs. 2,17,000.
FULL TEXT OF THE ORDER OF ITAT BANGALORE
This appeal at the instance of ...
