ITAT Deletes Hasty Addition made by AO, Citing Lack of Due Diligence

Ankit Impex Marketing Services Pvt. Ltd. Vs ITO (ITAT Kolkata)

Introduction: Ankit Impex Marketing Services Pvt. Ltd. contested two appeals against the orders of the Commissioner of Income Tax (Appeals), National Faceless Appeal Centre (NFAC), Delhi, for the Assessment Years 2013-14 and 2014-15 before the ITAT Kolkata. The appeals questioned the confirmation of disallowances related to commission payments.

Detailed Analysis: The Assessing Officer (AO) disallowed commission payments to

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