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2020 (11) TMI 856 - ITAT JAIPURCommission income for providing accommodation entries of marble sales - HELD THAT:- The assessee is also having two proprietorship concerns from where the assessee has admitted to have issued bills regarding bogus accommodation entries of sale. The Department has accepted this explanation of the assessee that the amount deposited in the bank account of the assessee is on account of bogus accommodation sale entries provided by the assessee to various parties and the assessee has earned only commission income on such deposit. AO as well as the ld. CIT(A) has applied 10% of the total cash deposit as commission income of the assessee by - In the absence of any contrary material the impugned order of the ld. CIT(A) confirmed - Decided against assessee.
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