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Case Law Details

Case Name : CIT Vs FX Info Technologies Pvt. Ltd. (Delhi High Court)
Related Assessment Year :
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CIT Vs FX Info Technologies Pvt. Ltd. (Delhi High Court)– When assessee transfers the distribution business to another company against commission payment which is allowed as business expenditure, AO is not right in treating the same commission income as income from other sources in the case of the assessee.

IN THE HIGH COURT OF DELHI AT NEW DELHI

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2 Comments

  1. Naren Tanna says:

    my commission income Rs – 1260000/ gross income commission aginst pharma goods
    can i count as a business income not requier audit

  2. sanjaykumar s. jain says:

    I have recd commission recd against Land Paper work at MIDC by RTGS Rs 400000/- by farmer, what is my income treated & what Exp is allow for deduction to me

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