https://www.taxtmi.com/caselaws?id=265998 ITAT Mumbai examined whether alleged differences in commission/brokerage receipts, several business expense disallowances, salary expenditure, and a receipt from Anik Developers were taxable or disallowable. It found the commission difference unsupported because confirmations, TDS certificates and bank records matched the assessee's return, so the addition was deleted. It also upheld the first appellate relief on business promotion and related expenses, holding the estimated disallowances excessive on the facts. Salary paid to employees was treated as genuine and allowed. The amount from Anik Developers was treated as a refund of a personal advance, not commission or brokerage income, and the addition was deleted. en-us Wed, 09 Sep 2015 00:00:00 +0530 Sat, 17 Oct 2015 11:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=265998 ITAT Mumbai examined whether alleged differences in commission/brokerage receipts, several business expense disallowances, salary expenditure, and a receipt from Anik Developers were taxable or disallowable. It found the commission difference unsupported because confirmations, TDS certificates and bank records matched the assessee's return, so the addition was deleted. It also upheld the first appellate relief on business promotion and related expenses, holding the estimated disallowances excessive on the facts. Salary paid to employees was treated as genuine and allowed. The amount from Anik Developers was treated as a refund of a personal advance, not commission or brokerage income, and the addition was deleted. Case-Laws Income Tax Wed, 09 Sep 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=265998