https://www.taxtmi.com/caselaws?id=395929 The High Court upheld the Tribunal's decision to restrict the addition of unexplained cash credits under Section 68 of the Income Tax Act to commission income calculated at 0.15%. The Court agreed that only the commission earned from providing accommodation entries should be taxed, not the entire cash deposits. The Tribunal's consistent approach in similar cases and the reasonable commission percentage accepted supported this decision. The Court dismissed the Revenue's appeal, finding no substantial question of law arising from the Tribunal's order. en-us Fri, 12 Jun 2020 00:00:00 +0530 Mon, 31 Aug 2020 16:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=395929 The High Court upheld the Tribunal's decision to restrict the addition of unexplained cash credits under Section 68 of the Income Tax Act to commission income calculated at 0.15%. The Court agreed that only the commission earned from providing accommodation entries should be taxed, not the entire cash deposits. The Tribunal's consistent approach in similar cases and the reasonable commission percentage accepted supported this decision. The Court dismissed the Revenue's appeal, finding no substantial question of law arising from the Tribunal's order. Case-Laws Income Tax Fri, 12 Jun 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=395929