https://www.taxtmi.com/caselaws?id=209390 The Court upheld the addition of Rs. 9,00,000 to the assessee's income, ruling in favor of the Revenue. The Tribunal's deletion of the commission income addition was reversed as the Court found the Assessing Officer justified in relying on the statement made by the assessee during the search operation under section 132(4) of the Income Tax Act. The Court emphasized the failure of the assessee to rebut the presumptions raised under sections 132(4) and 132(4A, leading to the decision to uphold the addition. en-us Wed, 29 Sep 2010 00:00:00 +0530 Sat, 20 Jul 2013 16:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=209390 The Court upheld the addition of Rs. 9,00,000 to the assessee's income, ruling in favor of the Revenue. The Tribunal's deletion of the commission income addition was reversed as the Court found the Assessing Officer justified in relying on the statement made by the assessee during the search operation under section 132(4) of the Income Tax Act. The Court emphasized the failure of the assessee to rebut the presumptions raised under sections 132(4) and 132(4A, leading to the decision to uphold the addition. Case-Laws Income Tax Wed, 29 Sep 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=209390