COMMISSIONER OF INCOME-TAX versus KRISHNA PAPER MART
Business expenses cannot be deducted from payments unless otherwise sold by a supplier on a commission-based check firm firm which pays more than Rs 2,500. The ITO contradicts the appraiser. Error in providing opportunity to hold tribunal while providing opportunity to explain; Peas not remanded to Tribunal Indian Income Tax Act, 1961, Section 40A (3).
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