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2021 (1) TMI 903 - AT - Income TaxAssessment of income - whether only commission income could be assessed in the hands of the assessee being an accommodation entry provider? - Additional ground raised - HELD THAT:- We are inclined to entertain the additional ground raised by the assessee in the present proceedings before us for all the assessment years under consideration. From the perusal of the various Tribunal and Hon’ble Jurisdictional High Court orders and more so in the case of certain sister concerns of the assessee which was also covered as an offshoot of the same search operation of JIK Industries Ltd., as in the case of assessee herein, we hold that only commission income @0.15% could be added in the hands of the assessee on the total accommodation entries provided by it on the total credits available in the bank account being the accommodation entries for the respective assessment years.
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