https://www.taxtmi.com/caselaws?id=376875 In accommodation entry cases, the routed turnover through controlled entities could not be taxed as unexplained cash credits in the hands of the entry operator absent evidence that the funds belonged to him; only the commission earned on the entry business was taxable. On the facts recorded, the commission estimate at 0.80% was treated as reasonable and was sustained, rather than 1.5%. A further claim to set off sustained unexplained deposits and cash against estimated commission income was rejected because the two additions rested on different bases and the supporting record was insufficient. en-us Fri, 15 Mar 2019 00:00:00 +0530 Sun, 17 Mar 2019 14:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=376875 In accommodation entry cases, the routed turnover through controlled entities could not be taxed as unexplained cash credits in the hands of the entry operator absent evidence that the funds belonged to him; only the commission earned on the entry business was taxable. On the facts recorded, the commission estimate at 0.80% was treated as reasonable and was sustained, rather than 1.5%. A further claim to set off sustained unexplained deposits and cash against estimated commission income was rejected because the two additions rested on different bases and the supporting record was insufficient. Case-Laws Income Tax Fri, 15 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=376875