https://www.taxtmi.com/caselaws?id=255114 The case involved issues related to disallowance of unaccounted deposits and calculation of commission on transactions. The CIT(A) directed to calculate commission on unaccounted transactions at 3% due to clerical errors. Discrepancies in transaction recording were noted but deemed not affecting profits. The AO was instructed to recompute profits considering increased turnover. The Tribunal ordered factual verification of commission rates. The appeal was allowed for statistical purposes, emphasizing accurate transaction recording and the AO's role in verifying details for fair assessments. en-us Wed, 25 Jun 2014 00:00:00 +0530 Wed, 07 Jan 2015 20:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=255114 The case involved issues related to disallowance of unaccounted deposits and calculation of commission on transactions. The CIT(A) directed to calculate commission on unaccounted transactions at 3% due to clerical errors. Discrepancies in transaction recording were noted but deemed not affecting profits. The AO was instructed to recompute profits considering increased turnover. The Tribunal ordered factual verification of commission rates. The appeal was allowed for statistical purposes, emphasizing accurate transaction recording and the AO's role in verifying details for fair assessments. Case-Laws Income Tax Wed, 25 Jun 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=255114