Case Law Analysis
|Income Tax Appellate Tribunal
Section 37(1) Income Tax Act | ITAT Kolkata Mandates Proof of Non-Service for Brokerage Disallowance : ITAT
ITAT Kolkata rules that disallowance of brokerage expenses under Section 37(1) of the Income Tax Act requires concrete evidence of non-service, not mere suspicion. TDS compliance and books of accounts are sufficient to substantiate claims, shifting the burden of proof to the revenue authorities.