https://www.taxtmi.com/caselaws?id=400710 An addition for alleged suppressed commission income cannot be sustained where the assessment is based on data belonging to another dealer, because material not relatable to the assessee cannot form a valid basis for income addition. The Tribunal noted that the discrepancy had not been raised before the lower authorities and additional evidence was sought at the appellate stage, but the decisive point remained the mismatch in the underlying data. The matter was therefore set aside and remitted to the Assessing Officer for fresh, de novo consideration. en-us Fri, 10 Jul 2020 00:00:00 +0530 Mon, 16 Nov 2020 16:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=400710 An addition for alleged suppressed commission income cannot be sustained where the assessment is based on data belonging to another dealer, because material not relatable to the assessee cannot form a valid basis for income addition. The Tribunal noted that the discrepancy had not been raised before the lower authorities and additional evidence was sought at the appellate stage, but the decisive point remained the mismatch in the underlying data. The matter was therefore set aside and remitted to the Assessing Officer for fresh, de novo consideration. Case-Laws Income Tax Fri, 10 Jul 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=400710