No cash Paid for taking Reversal of Entry as Commission through Proper Banking Channel: ITAT quashes Revision Order [Read Order]

No - cash - paid - taking - reversal - entry - commission - proper - banking - channel - ITAT - revision - order - TAXSCAN

The Income Tax Appellate Tribunal (ITAT) Delhi Bench held that no cash paid for taking reversal of entry as commission through proper banking channel by assessee. Hence, held that the revision order passed under Section 263 of Income Tax Act 1961 has quashed. The assessee C.M.Buildcon Pvt. Ltd is a company engaged in the business…

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