https://www.taxtmi.com/caselaws?id=404363 The Appellate Tribunal ITAT Indore allowed the appeal of the assessee for the Assessment Year 2015-16. The Tribunal ruled in favor of the assessee by deleting the disallowance of brokerage expenses amounting to Rs. 3,60,000 and setting aside the addition of Rs. 14,11,600 made under Section 50C of the Income Tax Act. The Tribunal held that the assessee had provided sufficient evidence to prove the genuineness of the expenses and that the addition under Section 50C was unjustified due to the permissible deviation. The judgment was pronounced on 19.02.2021. en-us Fri, 19 Feb 2021 00:00:00 +0530 Mon, 22 Feb 2021 09:10:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=404363 The Appellate Tribunal ITAT Indore allowed the appeal of the assessee for the Assessment Year 2015-16. The Tribunal ruled in favor of the assessee by deleting the disallowance of brokerage expenses amounting to Rs. 3,60,000 and setting aside the addition of Rs. 14,11,600 made under Section 50C of the Income Tax Act. The Tribunal held that the assessee had provided sufficient evidence to prove the genuineness of the expenses and that the addition under Section 50C was unjustified due to the permissible deviation. The judgment was pronounced on 19.02.2021. Case-Laws Income Tax Fri, 19 Feb 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=404363