https://www.taxtmi.com/caselaws?id=288206 The Tribunal upheld the CIT(A)'s decision to restrict the addition of unexplained cash credits under section 68 of the Income Tax Act to commission income at 0.15% of the total credits in the bank account. The Tribunal found that the assessee, part of a group controlled by Mr. Mukesh Choksi, earned commission income for providing accommodation entries, following an accepted modus operandi in similar cases. The Revenue's appeal was dismissed, emphasizing the consistent application of commission percentages in cases involving entities associated with Mr. Mukesh Choksi. en-us Fri, 18 Nov 2016 00:00:00 +0530 Tue, 26 May 2020 13:09:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=288206 The Tribunal upheld the CIT(A)'s decision to restrict the addition of unexplained cash credits under section 68 of the Income Tax Act to commission income at 0.15% of the total credits in the bank account. The Tribunal found that the assessee, part of a group controlled by Mr. Mukesh Choksi, earned commission income for providing accommodation entries, following an accepted modus operandi in similar cases. The Revenue's appeal was dismissed, emphasizing the consistent application of commission percentages in cases involving entities associated with Mr. Mukesh Choksi. Case-Laws Income Tax Fri, 18 Nov 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=288206