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2016 (6) TMI 688 - AT - Income TaxCommission income determination on the bogus bills issued - Estimation of commission income - Held that:- We find that AO while framing the assessment order u/s.144 of the Act had estimated the commission income of 5% of the total bogus sales bills which was reduced to 1% by the ld.CIT(A). We find that the Coordinate Bench of Tribunal while deciding the issue in the case of Madanlal L.Chandak (2014 (5) TMI 191 - ITAT AHMEDABAD ), wherein additions for similar amounts were made, had restricted the addition at around 50% to the additions that were made by the ld.CIT(A) Considering the fact that the issue in the present case is identical that of Madanlal L.Chandak (Shah)[supra] and respectfully following the decision of Coordinate Bench and for similar reasons, we direct the addition made on account of commission income from issuance of bogus bills be restricted to ₹ 2 lacs as against ₹ 4,06,852/- that were sustained by the ld.CIT(A) for AY 2007-08. - Decided partly in favour of assessee
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