https://www.taxtmi.com/caselaws?id=329508 The Tribunal overturned the rejection of books of account and addition to income under section 40(a)(ia) of the Income Tax Act, 1961. It held that as a sole selling agent, the appellant collected payments on behalf of the principal and accounted for commission on the total sale value, making the provisions cited by the lower authorities inapplicable. The Tribunal found the rejection and addition unjustified, directing the Assessing Officer to delete the added amount from the appellant's income. en-us Tue, 28 Jun 2016 00:00:00 +0530 Mon, 04 Jul 2016 16:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=329508 The Tribunal overturned the rejection of books of account and addition to income under section 40(a)(ia) of the Income Tax Act, 1961. It held that as a sole selling agent, the appellant collected payments on behalf of the principal and accounted for commission on the total sale value, making the provisions cited by the lower authorities inapplicable. The Tribunal found the rejection and addition unjustified, directing the Assessing Officer to delete the added amount from the appellant's income. Case-Laws Income Tax Tue, 28 Jun 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=329508