https://www.taxtmi.com/caselaws?id=269087 The appeal by the Revenue was partly allowed in a case involving commission receipts and unexplained cash credit for Assessment Year 2009-10. The CIT(A) reduced estimated commission receipts to 0.25% and deleted an unexplained cash credit of Rs. 28,84,000. The Revenue challenged the deletion of the cash credit under Section 68 of the Income Tax Act. The Tribunal upheld the deletion of commission receipts but reinstated the addition of the unexplained cash credit, emphasizing the need for satisfactory explanations for income and cash credits under the Act. en-us Thu, 15 Oct 2015 00:00:00 +0530 Tue, 08 Dec 2015 10:48:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=269087 The appeal by the Revenue was partly allowed in a case involving commission receipts and unexplained cash credit for Assessment Year 2009-10. The CIT(A) reduced estimated commission receipts to 0.25% and deleted an unexplained cash credit of Rs. 28,84,000. The Revenue challenged the deletion of the cash credit under Section 68 of the Income Tax Act. The Tribunal upheld the deletion of commission receipts but reinstated the addition of the unexplained cash credit, emphasizing the need for satisfactory explanations for income and cash credits under the Act. Case-Laws Income Tax Thu, 15 Oct 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=269087