Court :
INCOME TAX APPELLATE TRIBUNAL
Brief :
In this case the assessee is a Company and is engaged in the business of manufacturing and selling of building materials. During the course of assessment Assessing Officer observed that it was noted from the details of commission on sales that there is a provision made of Rs. 14,76,500/- for the assessment year 2006-07. The Assessing Officer asked the assessee as to why the provision for commission on sale not be disallowed as it is not allowable under the Act and further no evidence has been submitted that it has been valued on some scientific basis.
Citation :
M/s Biltech Building Elements Ltd., 124, Thapar House, Janpath, New Delhi (PAN/GIR NO.: AACCB4080A) (Appellant) Vs. Asstt. Commissioner of IncomeTax, Circle-3(1),New Delhi(Respondent)
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