https://www.taxtmi.com/caselaws?id=370444 The Tribunal partly allowed the appeals for statistical purposes, emphasizing fair estimation of commission income. The AO's lump sum addition without proper material was upheld, but the rate of commission was reduced to 0.30%. The Tribunal directed re-computation of interest and dismissed penalty proceedings due to no penalty being levied. The decision was applied to six similar appeals, stressing the importance of proper application of interest and penalty provisions. en-us Tue, 06 Nov 2018 00:00:00 +0530 Sat, 17 Nov 2018 08:01:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=370444 The Tribunal partly allowed the appeals for statistical purposes, emphasizing fair estimation of commission income. The AO's lump sum addition without proper material was upheld, but the rate of commission was reduced to 0.30%. The Tribunal directed re-computation of interest and dismissed penalty proceedings due to no penalty being levied. The decision was applied to six similar appeals, stressing the importance of proper application of interest and penalty provisions. Case-Laws Income Tax Tue, 06 Nov 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=370444