https://www.taxtmi.com/caselaws?id=423112 Brokerage expenditure could not be disallowed merely because the payees did not personally appear before the Assessing Officer when the assessee had produced primary documentary evidence of identity, banking trail, PAN details, income-tax returns, addresses and sale-linked material. In the absence of any defect in the books or contrary evidence to disprove the recorded payment and business nexus, the non-appearance of the brokers was insufficient to treat the brokerage as ingenuine. The disallowance was therefore deleted in favour of the assessee. en-us Wed, 13 Apr 2022 00:00:00 +0530 Mon, 30 May 2022 08:45:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=423112 Brokerage expenditure could not be disallowed merely because the payees did not personally appear before the Assessing Officer when the assessee had produced primary documentary evidence of identity, banking trail, PAN details, income-tax returns, addresses and sale-linked material. In the absence of any defect in the books or contrary evidence to disprove the recorded payment and business nexus, the non-appearance of the brokers was insufficient to treat the brokerage as ingenuine. The disallowance was therefore deleted in favour of the assessee. Case-Laws Income Tax Wed, 13 Apr 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=423112