https://www.taxtmi.com/caselaws?id=234722 The Tribunal upheld the legality of initiating proceedings under Section 153C of the Income Tax Act, dismissing the challenge raised by the assessee. The additions made by the Assessing Officer on account of undisclosed commission income were deemed justified, considering the payments received by the assessee for services rendered. The penalty under Section 271(1)(c) for concealment of income was upheld for the assessment year 2007-08 but not for other years where the commission income was treated as advances. The appeal for 2007-08 was partly allowed, while appeals for other years were fully allowed. en-us Tue, 14 May 2013 00:00:00 +0530 Tue, 25 Jun 2013 20:18:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=234722 The Tribunal upheld the legality of initiating proceedings under Section 153C of the Income Tax Act, dismissing the challenge raised by the assessee. The additions made by the Assessing Officer on account of undisclosed commission income were deemed justified, considering the payments received by the assessee for services rendered. The penalty under Section 271(1)(c) for concealment of income was upheld for the assessment year 2007-08 but not for other years where the commission income was treated as advances. The appeal for 2007-08 was partly allowed, while appeals for other years were fully allowed. Case-Laws Income Tax Tue, 14 May 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=234722