TMI Blog2017 (5) TMI 782X X X X Extracts X X X X X X X X Extracts X X X X ..... ommission from bogus entries of issuing sales bills and then buying purchase bills. In the circumstances, the reduction of by the ITAT of the percentage of commission from 5.67% as determined by AO to 2% could not be said to be so improbable or perverse so as to warrant interference by this Court. - Decided against revenue - ITA 929, 930 & 931/2016 - - - Dated:- 25-4-2017 - S. Muralidhar And C ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 9 to 2009 2010. 3. The AO in this case undertook a detailed exercise of examining every accommodation entry and came to the conclusion that the commission earned by the Assessee would be around 5.67 %. The Commissioner of Income Tax (Appeals) gave detailed reasons for not agreeing with the AO and observed that there is no set formula or fixed rate of commission in accommodation entries and s ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... arning commission from bogus entries of issuing sales bills and then buying purchase bills. In the circumstances, the reduction of by the ITAT of the percentage of commission from 5.67% as determined by AO to 2% could not be said to be so improbable or perverse so as to warrant interference by this Court. 6. The question is answered in the negative i.e., in favour of the Assessee and against th ..... X X X X Extracts X X X X X X X X Extracts X X X X
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