https://www.taxtmi.com/caselaws?id=340183 The Tribunal determined that commission income should be based on turnover in a specific bank account. The 2% rate for estimating commission income was upheld. Revenue appeals were allowed, and assessee appeals were partly allowed, limiting turnover to one bank account. The AO was directed to calculate income at 2% of turnover in that account for AY 2008-09 and 2009-10, totaling Rs. 2,04,23,897/- and Rs. 37,48,108/- respectively. The decision was issued on 15th March 2017 in Ahmedabad. en-us Wed, 15 Mar 2017 00:00:00 +0530 Fri, 17 Mar 2017 11:17:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=340183 The Tribunal determined that commission income should be based on turnover in a specific bank account. The 2% rate for estimating commission income was upheld. Revenue appeals were allowed, and assessee appeals were partly allowed, limiting turnover to one bank account. The AO was directed to calculate income at 2% of turnover in that account for AY 2008-09 and 2009-10, totaling Rs. 2,04,23,897/- and Rs. 37,48,108/- respectively. The decision was issued on 15th March 2017 in Ahmedabad. Case-Laws Income Tax Wed, 15 Mar 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=340183