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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