https://www.taxtmi.com/caselaws?id=176706 The Tribunal partly allowed the assessee's appeal, accepting the commission declared at 0.15% and dismissing the Revenue's appeal. It ruled that brokers focus on commission from transactions, not entire deposit amounts, thus rejecting the AO's treatment of deposits as unexplained cash credits. The disallowance of the loss on the sale of assets was upheld due to lack of supporting details. Interest under sections 234B and 234C was deemed consequential and not independently adjudicated. en-us Fri, 28 Mar 2008 00:00:00 +0530 Mon, 18 Dec 2023 15:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=176706 The Tribunal partly allowed the assessee's appeal, accepting the commission declared at 0.15% and dismissing the Revenue's appeal. It ruled that brokers focus on commission from transactions, not entire deposit amounts, thus rejecting the AO's treatment of deposits as unexplained cash credits. The disallowance of the loss on the sale of assets was upheld due to lack of supporting details. Interest under sections 234B and 234C was deemed consequential and not independently adjudicated. Case-Laws Income Tax Fri, 28 Mar 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=176706