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2017 (5) TMI 782 - HC - Income TaxCommission in accommodation entries - bogus bills produced - Held that:- Amongst the reasons that weighed with the ITAT were that the Assessee purchased the goods on the fictitious bills. Further, the Assessee submitted the purchase letter as well as the sale bill. The Assessee was earning commission from bogus entries of issuing sales bills and then buying purchase bills. In the circumstances, the reduction of by the ITAT of the percentage of commission from 5.67% as determined by AO to 2% could not be said to be so improbable or perverse so as to warrant interference by this Court. - Decided against revenue
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