https://www.taxtmi.com/caselaws?id=240058 The tribunal determined that money transactions through partnership firms' bank accounts belonged to the assessee. The AO was directed to recompute peak credits by combining transactions from all accounts and considering only incremental peak credits in subsequent years. The tribunal upheld the 2% commission income estimation and deemed the assessments' reopening valid. The appeals by the assessee were partly allowed for statistical purposes. en-us Fri, 26 Jul 2013 00:00:00 +0530 Mon, 25 Nov 2013 00:52:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=240058 The tribunal determined that money transactions through partnership firms' bank accounts belonged to the assessee. The AO was directed to recompute peak credits by combining transactions from all accounts and considering only incremental peak credits in subsequent years. The tribunal upheld the 2% commission income estimation and deemed the assessments' reopening valid. The appeals by the assessee were partly allowed for statistical purposes. Case-Laws Income Tax Fri, 26 Jul 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=240058