Documentary Evidences validates Compensation Paid to Brokerages and Settlement of Disputes out of Sale Proceeds: ITAT upholds Deletion of Rs. 3.86 crores as Expenditure [Read Order]

By Namaskar Acharya - On August 4, 2023 7:30 pm - 2 mins read
Documentary Evidences - Compensation Paid to Brokerages - Compensation Paid to Brokerages and Settlement of Disputes out of Sale Proceeds - ITAT - taxscan

The Bangalore bench of the Income Tax Appellate Tribunal (ITAT) held that the documentary evidences validated the compensation paid to the brokerages and the settlement of disputes out of sales proceeds. The assessee along with the confirming party, sold land measuring 1 acre 16 guntas of land in Survey in favour of MARS Builders, under…

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