https://www.taxtmi.com/caselaws?id=216129 The ITAT upheld the CIT(A)'s decision, confirming the addition of undisclosed brokerage income in the appellant company's hands for the assessment year 2008-09. The ITAT rejected the appellant's argument that the income belonged to a sister concern, emphasizing the appellant's direct involvement in earning and receiving the income. The ITAT concluded that the Assessing Officer correctly added the income earned by the appellant to their return, dismissing the appellant's attempt to divert income to avoid taxation. As a result, the appeal was dismissed, affirming the taxation of the brokerage income in the appellant's hands. en-us Tue, 12 Jun 2012 00:00:00 +0530 Fri, 24 Aug 2012 12:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=216129 The ITAT upheld the CIT(A)'s decision, confirming the addition of undisclosed brokerage income in the appellant company's hands for the assessment year 2008-09. The ITAT rejected the appellant's argument that the income belonged to a sister concern, emphasizing the appellant's direct involvement in earning and receiving the income. The ITAT concluded that the Assessing Officer correctly added the income earned by the appellant to their return, dismissing the appellant's attempt to divert income to avoid taxation. As a result, the appeal was dismissed, affirming the taxation of the brokerage income in the appellant's hands. Case-Laws Income Tax Tue, 12 Jun 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=216129