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2016 (10) TMI 538 - HC - Income TaxRestricting addition of commission earned by assessee @1% by Tribunal as against 5% determined by CIT(A) - assessee was facilitating cash deposits and issuing DD/pay orders etc. - Held that:- CIT(Appeals) came to the conclusion that cash did not belong to the assessee but he was merely a commission agent. Since this issue became final, the sole question before the Tribunal was what would be the appropriate rate of commission to be taxed in the hands of the assessee. It is true that the Tribunal has given rather brief reasons for reducing the rate of commission from 5% to 1%. However, in facts of the case, we would not remand the proceedings for insisting on proper reasons to be recorded by the Tribunal. When the question of judging possible commission that the assessee would have earned out of such activity, element of estimation always creeps in. No question of law therefore, arises.
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