https://www.taxtmi.com/caselaws?id=252968 The Tribunal partly allowed the appeals by both the assessee and the Revenue. It directed the Assessing Officer to re-adjudicate the matter related to Rs. 10,00,000 in accommodation entries, providing the assessee a fair opportunity. The Tribunal upheld the deletion of additions under Section 68 and commission income, stressing procedural compliance and substantial evidence requirements for additions. The conversion of protective addition to substantive without proper inquiry was deemed unjustified, limiting the addition to Rs. 10,00,000 and remanding the issue for further assessment with the directive for a fair cross-examination opportunity. en-us Wed, 15 Oct 2014 00:00:00 +0530 Mon, 10 Nov 2014 06:34:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=252968 The Tribunal partly allowed the appeals by both the assessee and the Revenue. It directed the Assessing Officer to re-adjudicate the matter related to Rs. 10,00,000 in accommodation entries, providing the assessee a fair opportunity. The Tribunal upheld the deletion of additions under Section 68 and commission income, stressing procedural compliance and substantial evidence requirements for additions. The conversion of protective addition to substantive without proper inquiry was deemed unjustified, limiting the addition to Rs. 10,00,000 and remanding the issue for further assessment with the directive for a fair cross-examination opportunity. Case-Laws Income Tax Wed, 15 Oct 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=252968