https://www.taxtmi.com/caselaws?id=387490 The tribunal allowed the revenue's appeal, confirming the addition of Rs. 3,13,90,000/- under Section 68 of the Income Tax Act and upholding the protective addition of Rs. 15,69,500/- as commission income. The decision highlights the necessity of establishing the genuineness of transactions and the creditworthiness of creditors, particularly in cases involving closely held companies suspected of facilitating accommodation entries. en-us Wed, 31 Jul 2019 00:00:00 +0530 Thu, 24 Oct 2019 08:24:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=387490 The tribunal allowed the revenue's appeal, confirming the addition of Rs. 3,13,90,000/- under Section 68 of the Income Tax Act and upholding the protective addition of Rs. 15,69,500/- as commission income. The decision highlights the necessity of establishing the genuineness of transactions and the creditworthiness of creditors, particularly in cases involving closely held companies suspected of facilitating accommodation entries. Case-Laws Income Tax Wed, 31 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=387490