https://www.taxtmi.com/caselaws?id=327839 The Tribunal upheld the Commissioner of Income Tax (Appeals) [CIT(A)]'s decision to delete the addition towards commission income on accommodation entries in the hands of the assessee. It found that the Assessing Officer's conclusions were based on suspicion and lacked concrete evidence. The Tribunal emphasized the lack of proof that the transactions were accommodation entries, the professional nature of the assessee's relationship with the companies, and the absence of unaccounted assets or undisclosed income. The revenue's appeals were dismissed. en-us Wed, 11 May 2016 00:00:00 +0530 Fri, 20 May 2016 13:20:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=327839 The Tribunal upheld the Commissioner of Income Tax (Appeals) [CIT(A)]'s decision to delete the addition towards commission income on accommodation entries in the hands of the assessee. It found that the Assessing Officer's conclusions were based on suspicion and lacked concrete evidence. The Tribunal emphasized the lack of proof that the transactions were accommodation entries, the professional nature of the assessee's relationship with the companies, and the absence of unaccounted assets or undisclosed income. The revenue's appeals were dismissed. Case-Laws Income Tax Wed, 11 May 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=327839