https://www.taxtmi.com/caselaws?id=241590 The High Court upheld the relief in favor of the assessee on unexplained commission paid and unexplained payment issues. The court found no justification for adding the disputed amounts in the hands of the assessee due to evidence linking the transactions to a third party not associated with the assessee firm. Additionally, the court affirmed the application of an 8% Net Profit rate instead of the entire suppressed receipt amount, resulting in a confirmed addition and granted relief. The appeal was dismissed as no substantial legal questions were raised. en-us Wed, 25 Jul 2012 00:00:00 +0530 Fri, 27 Dec 2013 13:05:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=241590 The High Court upheld the relief in favor of the assessee on unexplained commission paid and unexplained payment issues. The court found no justification for adding the disputed amounts in the hands of the assessee due to evidence linking the transactions to a third party not associated with the assessee firm. Additionally, the court affirmed the application of an 8% Net Profit rate instead of the entire suppressed receipt amount, resulting in a confirmed addition and granted relief. The appeal was dismissed as no substantial legal questions were raised. Case-Laws Income Tax Wed, 25 Jul 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=241590