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2016 (7) TMI 1223 - AT - Income TaxBogus transaction - commission computation - Held that:- As in the case of assessee company’s sister concern M/s Prakash Metals, we partly allow the appeal filed by the assessee company by holding that the assessee company’s income from these transactions be computed as 5% of commission for clandestinely facilitating the bogus transaction of the parties to the purchase and sale as held by the Tribunal in its orders in the case of the sister concern of the assessee company namely
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