Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2023 (3) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2023 (3) TMI 197 - AT - Income TaxCommision in respect of hawala entries - Estimation of income - accommodation entries - commission income to be computed at 2% of the total receipt - HELD THAT:- CIT(A) after considering the submissions of the assessee has given a finding that the main activity of the assessee was providing accommodation entries and assessee has failed to justify the rate of commission shown by him. He has further noted that in the case of Pratibha Finvest Pvt. Ltd. [2012 (12) TMI 575 - DELHI HIGH COURT] has upheld the commission rate @ 2% in respect of hawala entries. Before us, no material has been placed by assessee to point out any fallacy in the findings of CIT(A). We therefore, find no reason to interfere with the order of CIT(A) and thus the grounds of assessee are dismissed.
|