https://www.taxtmi.com/caselaws?id=350924 The Tribunal upheld the CIT(A)'s decision to apply a 0.20% commission rate on cash deposits, dismissed the revenue's challenges regarding unexplained income and accommodation charges, and deleted penalties under Section 271(1)(c). The Tribunal reasoned that no penalty was warranted as the addition of cash deposits was not sustained, and there was no evidence of concealment or inaccurate income particulars. This decision provided relief to the assessees and ensured consistency in addressing issues related to accommodation entries and penalties. en-us Tue, 14 Nov 2017 00:00:00 +0530 Wed, 15 Nov 2017 10:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=350924 The Tribunal upheld the CIT(A)'s decision to apply a 0.20% commission rate on cash deposits, dismissed the revenue's challenges regarding unexplained income and accommodation charges, and deleted penalties under Section 271(1)(c). The Tribunal reasoned that no penalty was warranted as the addition of cash deposits was not sustained, and there was no evidence of concealment or inaccurate income particulars. This decision provided relief to the assessees and ensured consistency in addressing issues related to accommodation entries and penalties. Case-Laws Income Tax Tue, 14 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=350924