Amount given by Co-Purchaser for Services towards Arranging Sale is Income: ITAT confirms Income Tax Addition [Read Order]

Amount – Co - Purchaser - Services - Arranging - Sale – Income - ITAT - Income - Tax - TAXSCAN

The Chennai bench of the Income Tax Appellate Tribunal (ITAT) held that the amount given by the co-purchaser for service towards arranging sales is income. The assessee filed the return of income in response to the notice under section 148 of the Income Tax Act, 1961 admitting a total income of Rs. 11,27,390/- and agricultural…

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