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Delayed Brokerage Payments Lead to Disallowed Commission Expenses for Tax; Invoices Alone Insufficient Proof of Services Rendered.
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....Disallowance of commission expenses - Though, the payment may be at the convenience of the parties or at the time of availability of funds but the booking the bills after substantial delay proves that these expenditure are not genuine. The confirmation notes and the invoices of brokerage and confirmation note do not prove that services have been rendered.....