https://www.taxtmi.com/caselaws?id=374101 The Tribunal disposed of multiple appeals against separate orders for different Assessment Years involving the determination of commission rates in clandestine activities. The Tribunal found the appellants engaged in illegal activities and established a 0.50% commission rate as reasonable. It directed Assessing Officers to exclude profit elements in intra-group transactions and compute profits only from external transactions. The appeals were partly allowed, and Assessing Officers were instructed to charge interest under the law. The Tribunal's decision was issued on 23.01.2019. en-us Wed, 23 Jan 2019 00:00:00 +0530 Fri, 25 Jan 2019 11:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=374101 The Tribunal disposed of multiple appeals against separate orders for different Assessment Years involving the determination of commission rates in clandestine activities. The Tribunal found the appellants engaged in illegal activities and established a 0.50% commission rate as reasonable. It directed Assessing Officers to exclude profit elements in intra-group transactions and compute profits only from external transactions. The appeals were partly allowed, and Assessing Officers were instructed to charge interest under the law. The Tribunal's decision was issued on 23.01.2019. Case-Laws Income Tax Wed, 23 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=374101