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TMI Blog2019 (3) TMI 2061X X X X Extracts X X X X X X X X Extracts X X X X ..... HELD THAT:- The assessee has relied on the order of this Bench in the case of Jaswant Singh [ 2018 (9) TMI 965 - ITAT KOLKATA] , thus keeping in view the precedents (supra), and the facts and circumstances of the case we direct the Assessing Officer to estimate the income at 0.5% of the deposits as in our view, this would meet the ends of justice - Appeal of the assessee is allowed in part. X X X X Extracts X X X X X X X X Extracts X X X X ..... he assessee has allowed his bank accounts to utilised by the entry operators in which such operators parked undisclosed funds only to obtains payments from the assessee to give a colour of genuineness of such entries given to other corporate and non-corporate entities and for such services the assessee as charged commission . The commission income is estimated to have peen 2% of the entry deposits ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ous, and in view of the fact that the appellant himself, as mentioned in his ground itself, had accepted that he is an entry provider working for a commission and that similar entry operators have declared their commission to much lower than 2%, in their depositions made before the Investigation Wing of the Department. I cannot find any material to differ from the findings of the AO, and the same ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... h in the case of Jaswant Singh (supra).Keeping in view the precedents set by this Bench of the Tribunal in the case of Jaswant Singh (supra), and the facts and circumstances of the case we direct the Assessing Officer to estimate the income at 0.5% of the deposits as in our view, this would meet the ends of justice. 7. In the result, appeal of the assessee is allowed in part. Kolkata, the 15th d ..... X X X X Extracts X X X X X X X X Extracts X X X X
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