https://www.taxtmi.com/caselaws?id=65163 The appeal challenging the addition of Rs. 8,834 in the Dalali Account and the charging of interest under section 139(8) of the Income Tax Act, 1961 was dismissed. The Appellate Authority upheld the addition, stating that the provision for brokerage was not a legally enforceable contractual liability due to varying rates. Additionally, the interest charge was upheld as the provision could not be precisely linked to sales and brokers, and allowing provisions without corresponding payments would set a wrong precedent. The alternative plea regarding interest for delay in filing the return was also rejected. en-us Wed, 31 Dec 1986 00:00:00 +0530 Mon, 14 Feb 2011 10:17:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=65163 The appeal challenging the addition of Rs. 8,834 in the Dalali Account and the charging of interest under section 139(8) of the Income Tax Act, 1961 was dismissed. The Appellate Authority upheld the addition, stating that the provision for brokerage was not a legally enforceable contractual liability due to varying rates. Additionally, the interest charge was upheld as the provision could not be precisely linked to sales and brokers, and allowing provisions without corresponding payments would set a wrong precedent. The alternative plea regarding interest for delay in filing the return was also rejected. Case-Laws Income Tax Wed, 31 Dec 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=65163