https://www.taxtmi.com/caselaws?id=411614 The Tribunal upheld the CIT(A)'s decision to estimate commission income at 0.6%, aligning with past profits. It also supported the enhancement of transaction value with a specific company due to discrepancies. The addition of brokerage and commission income was deleted, with a separate estimated income of 8% directed. The deletion of contractual income addition was reversed, estimating 8% for both commission and contractual income. This led to a partial allowance of the appeal, emphasizing the importance of rational estimation methods in determining income. en-us Mon, 26 Jul 2021 00:00:00 +0530 Tue, 31 Aug 2021 09:17:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=411614 The Tribunal upheld the CIT(A)'s decision to estimate commission income at 0.6%, aligning with past profits. It also supported the enhancement of transaction value with a specific company due to discrepancies. The addition of brokerage and commission income was deleted, with a separate estimated income of 8% directed. The deletion of contractual income addition was reversed, estimating 8% for both commission and contractual income. This led to a partial allowance of the appeal, emphasizing the importance of rational estimation methods in determining income. Case-Laws Income Tax Mon, 26 Jul 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=411614