TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Highlights
of of All Highlights
Note
Bookmark
Share
Don't have an account? Register Here
of ITAT upheld CIT(A)'s order, dismissing revenue's appeal regarding brokerage expenses. The tribunal found that brokerage expenses were legitimate business expenditures paid through banking channels, supported by invoices. The expenses were incurred as selling costs, consistent with IND AS-2, and could not be capitalized. The assessee's books were properly maintained and audited, demonstrating substantial income from business activities. The appellate tribunal concluded that the brokerage payments were normal selling expenses for a large-scale construction business, and therefore, the addition made by the Assessing Officer was unwarranted.
TaxTMI 
TaxTMI 
