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2020 (10) TMI 241 - AT - Income TaxEstimation of commission income on accommodation transactions - HELD THAT:- Case related to A.Y 2008-09 are similar to the facts decided for A.Y 2009-10 [2017 (1) TMI 1728 - ITAT MUMBAI] and moresoever in both such assessment years the commission income was estimated by the A.O @ 1.50% of accommodation transactions. The Hon’ble ITAT, in appellant’s case, related to A.Y 2009-10 had directed the A.O to estimate the commission income @ 0.10% on accommodation transaction and consequently the A.O had recomputed the commission @ 0.10% on accommodation transactions. Accordingly,direct the A.O to estimate the commission income @ 0.10% on accommodation transactions determined in the assessment order and delete the balance addition. In the result, the appeal for A.Y 2008- 09 is Partly allowed.
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