https://www.taxtmi.com/caselaws?id=396695 The Tribunal allowed the Revenue's appeals for statistical purposes, setting aside the Commissioner's decision to reduce commission income estimation from accommodation entries. The Tribunal emphasized the lack of genuine transactions and remanded the issue for fresh adjudication. The assessee's delayed cross objections were dismissed due to unsatisfactory explanations and technical nature of objections challenging assessment reopening. The decision underscored the significance of genuine transactions, accurate commission estimation, and the importance of timely and valid objections in legal proceedings. en-us Tue, 02 Jun 2020 00:00:00 +0530 Thu, 16 Jul 2020 08:15:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=396695 The Tribunal allowed the Revenue's appeals for statistical purposes, setting aside the Commissioner's decision to reduce commission income estimation from accommodation entries. The Tribunal emphasized the lack of genuine transactions and remanded the issue for fresh adjudication. The assessee's delayed cross objections were dismissed due to unsatisfactory explanations and technical nature of objections challenging assessment reopening. The decision underscored the significance of genuine transactions, accurate commission estimation, and the importance of timely and valid objections in legal proceedings. Case-Laws Income Tax Tue, 02 Jun 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=396695