https://www.taxtmi.com/caselaws?id=256163 The appellate authority upheld the CIT(A)'s decision, dismissing the revenue's appeals. The CIT(A) found that the society managed activities on behalf of members to maximize profits, with income rightfully belonging to members. The society was entitled to commission only. The CIT(A) concluded that the society's income from manufacturing and selling salt had escaped assessment, rejecting the deletion of income brought to tax. The CIT(A) also upheld the validity of proceedings initiated under Section 147 and disregarded expenditure claimed as a transfer to the distribution pool fund. en-us Fri, 23 Jan 2015 00:00:00 +0530 Thu, 05 Feb 2015 05:55:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=256163 The appellate authority upheld the CIT(A)'s decision, dismissing the revenue's appeals. The CIT(A) found that the society managed activities on behalf of members to maximize profits, with income rightfully belonging to members. The society was entitled to commission only. The CIT(A) concluded that the society's income from manufacturing and selling salt had escaped assessment, rejecting the deletion of income brought to tax. The CIT(A) also upheld the validity of proceedings initiated under Section 147 and disregarded expenditure claimed as a transfer to the distribution pool fund. Case-Laws Income Tax Fri, 23 Jan 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=256163