Customs relief for Strait of Hormuz maritime disruptions remains available, with existing conditions continuing unchanged through the extended validit...
Commercial vehicle depreciation, scientifically determined warranty provisions and exempt-income disallowances were resolved in favour of the taxpayer...
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In the case before ITAT Delhi, the issue revolved around the computation of commission income on credit entries and unexplained cash credit u/s 68. The assessee failed to substantiate the source of cash deposits but argued that he has only earned commission income on the entries provided by him. The Tribunal, considering previous rulings, treated the assessee as an Entry Operator and determined commission at 0.15% on the disputed amount. The AO was directed to charge commission accordingly.
In the case before ITAT Delhi, the issue revolved around the computation of commission income on credit entries and unexplained cash credit u/s 68. The assessee failed to substantiate the source of cash deposits but argued that he has only earned commission income on the entries provided by him. The Tribunal, considering previous rulings, treated the assessee as an Entry Operator and determined commission at 0.15% on the disputed amount. The AO was directed to charge commission accordingly.
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