TaxTMI 
TaxTMI 
2019 (1) TMI 1614
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....ai, Advocate For the Respondent : Ms. Kavita Jha, Ms. Devika Jain, Advs ORDER The revenue urges three questions of law in respect of the following issues: 1. with respect to disallowance under Section 14A; 2. in regard to payment of brokerage expenses, 3. Whether the payment received towards membership of club is to be taxed in the given year of its receipt. As far as first issue - di....
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....entage completion method adopted by it held as follows: "8. The assessee had claimed Rs. 61,78,414/- as expenditure towards brokerage and commission. The amount was paid to its brokers for booking and sale of certain properties during the assessment year. The Assessing Officer disallowed this expenditure on the ground that during the year the conveyance of the sale deeds were not executed. The ....
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.... various orders of CIT (A) on this point where in the addition on account has been deleted. Your attention is also drawn to order dt. 20.7.1994 of Hon'ble ITAT, New Delhi for the assessment year 1983-84 of the Income-tax wherein an additional ground taken by the Deptt. for inclusion of the amount of brokerage and commission in the sales promotion expenses u/s 37(2)(a) have been dismissed. We under....