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2014 (2) TMI 375 - KERALA HIGH COURTAssessment of professional income - Held that:- The assessing officer did not rely upon any material while making addition in respect of possible commission the assessee could have obtained during the assessment year 2001-02 and 2002-03 - The agency commission is always a fluctuated matter and depends upon the commission on receipts for arranging a particular contract - In the absence of any material to indicate that the assessee had derived such commission and it was concealed, it is not open for the assessing officer to make an assessment based on notional figures - The appellate authorities have arrived at a conclusion that the addition was improper - Both the additions have been made by the Assessing Officer on presumptive basis and without any supporting materials - The order of Tribunal is confirmed - Decided against Revenue.
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