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Principal Commissioner of Income-Tax- 13 Versus Rakesh Gupta

2017 (5) TMI 782 - DELHI HIGH COURT

Commission in accommodation entries - bogus bills produced - Held that:- Amongst the reasons that weighed with the ITAT were that the Assessee purchased the goods on the fictitious bills. Further, the Assessee submitted the purchase letter as well as .....

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d 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 Chander Shekhar, JJ. For the Appellant : Mr Dileep Shivpuri, Senior .....

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931/2016 1. On 24th January, 2017 while admitting these appeals, the following question of law was framed: "Did the IT AT fall into error in upholding the reduction of gross commission from 5.67% to 2%, calculated by the CIT (A), in the circums .....

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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 ob .....

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the submissions of Mr Dileep Shivpuri, Senior Standing Counsel appearing for the Revenue at length and has examined the orders of the AO, the CIT (A) and the ITAT. 5. It is seen that the ITAT in the impugned order has while affirming the order of th .....

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