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Income Tax - Highlights / Catch Notes

Home Highlights July 2020 Year 2020 This

Estimation of commission income on accommodation entries - while ...


Tribunal Confirms 1% Commission Income Estimation; Sends Case Back to Commissioner for Re-evaluation.

July 16, 2020

Case Laws     Income Tax     AT

Estimation of commission income on accommodation entries - while deciding identical issue in assessee’s own case, the Tribunal, has upheld estimation of commission income @ 1% of the total turnover - Matter restored before CIT(A) for fresh decision.

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