https://www.taxtmi.com/forum/issue?id=113443 Assessing Officer recharacterised commission receipts shown in the profit and loss account as unexplained credits and taxed them under section 115BBE, finding the assessee did not carry on business and failed to produce persons from whom commission was received; this contrasts with the immediately preceding year when the same receipts were treated as business income, and the taxpayer is advised to appeal relying on prior treatment and evidence identifying payers. en-us Wed, 28 Feb 2018 22:21:23 +0530 Thu, 23 Jan 2025 15:55:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=113443 Assessing Officer recharacterised commission receipts shown in the profit and loss account as unexplained credits and taxed them under section 115BBE, finding the assessee did not carry on business and failed to produce persons from whom commission was received; this contrasts with the immediately preceding year when the same receipts were treated as business income, and the taxpayer is advised to appeal relying on prior treatment and evidence identifying payers. Discussion-Forum Income Tax Wed, 28 Feb 2018 22:21:23 +0530 https://www.taxtmi.com/forum/issue?id=113443