Commission Not Bogus When Payee Exists & Taxed: ITAT Deletes ₹51.37 Lakh Disallowance

Blue Bird Technicks Pvt. Ltd. Vs DCIT (ITAT Kolkata) Commission Not Bogus When Payee Exists & Taxed: ITAT Deletes ₹51.37 Lakh Disallowance The appeal before the Income Tax Appellate Tribunal, Kolkata Bench, related to Assessment Year 2015–16 and arose from an order passed by the Addl./JCIT(A)-12, Mumbai, confirming a disallowance made by the Assessing Officer (AO). The assessee was engaged in the business of supplying telecom and signal parts to Indian Railways and had declared a total income of ₹70,01,266 for the relevant year.. During the assessment proceedings, the AO disallowed a...