section 68 and 115BBE

[VIRENDER GUPTA]

AO MADE ADDITIONS OF THE AMOUNT ALREADY SHOWN IN PROFIT AND LOSS ACCOUNT UNDER THE HEAD COMMISSION INCOME U/S 68 AND TAXED THIS INCOME U/S 115BBE HOLDING THAT ASSESSEE DO NOT CARRY OUT ANY BUSINESS AND ASSESSEE FAILED TO PRODUCE PERSONS FROM WHOM COMMISSION RECEIVED. DURING THE IMMIDIATLY PRECEEDING YEAR AO HELD THE SAME INCOME AS ASSESSEE'S BUSINESS INCOME. PLEASE ADVISE THE CASE LAWS IN SUPPORT OF ASSESSEE

AI Summary

Assessing Officer adds commission income under Section 68, taxed under Section 115BBE; appeal suggested. An individual raised a query regarding an income tax issue where the Assessing Officer (AO) added an amount already shown as commission income in the profit and loss account under Section 68 and taxed it under Section 115BBE. The AO claimed the assessee did not conduct any business and failed to produce individuals from whom the commission was received. In the previous year, the same income was considered business income. A respondent suggested filing an appeal to the First Appellate Authority, referencing the assessee's own case.