https://www.taxtmi.com/caselaws?id=240468 The Tribunal set aside the appeals to the Assessing Officer for fresh adjudication, directing consideration of all cases together, restriction of additions to the peak unexplained credit, elimination of multiple taxation from circular transactions, and determination of commission percentage based on the record. The burden of proof is on the assessee to demonstrate transaction chains and prove each credit in the books of each assessee. en-us Fri, 18 Oct 2013 00:00:00 +0530 Thu, 05 Dec 2013 11:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=240468 The Tribunal set aside the appeals to the Assessing Officer for fresh adjudication, directing consideration of all cases together, restriction of additions to the peak unexplained credit, elimination of multiple taxation from circular transactions, and determination of commission percentage based on the record. The burden of proof is on the assessee to demonstrate transaction chains and prove each credit in the books of each assessee. Case-Laws Income Tax Fri, 18 Oct 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=240468