https://www.taxtmi.com/highlights?id=62815 Disallowance of deduction of commission expenses - Although a steep rise of an expenditure during a year would raise serious doubts as regards the genuineness of the claim for deduction of the same by the assessee, but then, as observed by us hereinabove, the allowability or not of the same has to be tested as per the mandate of Section 37 of the Act; and not on the touchstone of satisfaction of the “benefit test” as had been done by the A.O in the present case. - AT en-us Thu, 07 Apr 2022 10:52:24 +0530 Thu, 07 Apr 2022 10:52:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=62815 Disallowance of deduction of commission expenses - Although a steep rise of an expenditure during a year would raise serious doubts as regards the genuineness of the claim for deduction of the same by the assessee, but then, as observed by us hereinabove, the allowability or not of the same has to be tested as per the mandate of Section 37 of the Act; and not on the touchstone of satisfaction of the “benefit test” as had been done by the A.O in the present case. - AT Highlights Income Tax Thu, 07 Apr 2022 10:52:24 +0530 https://www.taxtmi.com/highlights?id=62815