https://www.taxtmi.com/caselaws?id=70533 The court upheld the allowance of brokerage as a business expenditure despite it not being deductible under section 41(2) of the IT Act, as the sales were part of the assessee's business assets. The deletion of the credit entry of Rs. 5,000 in the employee's account was confirmed due to lack of veracity. Regarding the unexplained cash credit, the court partially allowed the Department's appeal, upholding the addition of Rs. 6,000 as the source of the credit remained unexplained by the appellant. en-us Wed, 26 Jul 1978 00:00:00 +0530 Sat, 16 Apr 2011 16:13:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=70533 The court upheld the allowance of brokerage as a business expenditure despite it not being deductible under section 41(2) of the IT Act, as the sales were part of the assessee's business assets. The deletion of the credit entry of Rs. 5,000 in the employee's account was confirmed due to lack of veracity. Regarding the unexplained cash credit, the court partially allowed the Department's appeal, upholding the addition of Rs. 6,000 as the source of the credit remained unexplained by the appellant. Case-Laws Income Tax Wed, 26 Jul 1978 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=70533