No addition shall made when Commission earned from Consignment Sale of Foodgrains are reflected in P&L Account: ITAT [Read Order]

ITAT - ITAT Delhi - Income tax - Consignment sale - Profit and loss account - Food grains consignment sale - taxscan

The Delhi bench of Income Tax Appellate Tribunal ( ITAT ) held that no addition should be made when commissions earned from consignment sale of food grains are reflected in profit and loss account. The Assessee, Keshar Devi, was running business under the name and style of M/s Grah Lakshmi Trading Co and involved in Trading in Food…

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