M/S. INDITRADE CAPITAL LIMITED vs. COMMISSIONER OF INCOME TAX
Appeal is allowed, matter remitted to Income Tax
ITA/1/2017HC Kerala15 Mar 2021
Bench: The Return Was Filed By The Assessee For The Subject Assessment Year. The Other Controversy Is
For Appellant: M/S. INDITRADE CAPITAL LIMITEDFor Respondent: COMMISSIONER OF INCOME TAX
Section 28Section 36Section 40A(7)Section 43B
disallowance of payment of Rs.2,11,115/- by assessee to
customers towards settlement of outstanding amount due to
customer. The outstanding is stated by the assessee as
resulting primarily on account of clerical errors and
corrected upon reconciliation of entries between the parties.
The provisions of law which have bearing are excerpted
before hand.
3.1
Sec.40A(7) of the Income
