https://www.taxtmi.com/caselaws?id=422751 The Tribunal upheld the validity of the assessment reopening under section 147 but adjusted the commission income rate to 0.20% based on the statement provided by the assessee. The appeal challenging the direction by the CIT(Appeals) was partially allowed, with the Tribunal considering the statement in its entirety to determine the net commission income. en-us Thu, 19 May 2022 00:00:00 +0530 Fri, 20 May 2022 11:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=422751 The Tribunal upheld the validity of the assessment reopening under section 147 but adjusted the commission income rate to 0.20% based on the statement provided by the assessee. The appeal challenging the direction by the CIT(Appeals) was partially allowed, with the Tribunal considering the statement in its entirety to determine the net commission income. Case-Laws Income Tax Thu, 19 May 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=422751