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Income Tax - Highlights / Catch Notes

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Estimation of commission income - unaccounted cash found during ...


Estimation of Commission Income Challenged: No Evidence to Support Higher Earnings Claims Beyond Recorded Figures.

January 11, 2024

Case Laws     Income Tax     AT

Estimation of commission income - unaccounted cash found during the search - AO has not brought any material on record to show higher commission income earned by the assessee. The commission income duly recorded in the books of account and declared in the return of income cannot be disturbed in absence of any material. - AT

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