Addition for Consignment Sales Commission Unwarranted if same duly reflected in P&L account

ITO Vs Smt. Keshar Devi (ITAT Delhi)

Introduction: In a recent case between the Income Tax Officer (ITO) and Smt. Keshar Devi, the issue at hand was whether additions should be made for unverified sales in the trading account. The Income Tax Appellate Tribunal (ITAT) Delhi delivered a crucial ruling, highlighting the treatment of commission earned from consignment sales in the Profit and Loss (P&L) account.

Detailed Analysis: The appeal by the Revenue

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