https://www.taxtmi.com/caselaws?id=303402 The Tribunal upheld the consolidated order passed by the Assessing Officer for multiple assessment years, dismissing the challenge. It found the assessee involved in issuing bogus bills and operating numerous bank accounts. The estimation of commission income at 2% was deemed fair. Protective addition of sales bills was upheld pending the outcome of substantive additions. Unexplained bank credits were added due to lack of evidence. The issue of cash deposits was set aside for verification. The penalty for furnishing inaccurate income particulars was upheld but remanded for re-examination based on related precedents. en-us Wed, 16 May 2018 00:00:00 +0530 Wed, 20 Jul 2022 21:00:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=303402 The Tribunal upheld the consolidated order passed by the Assessing Officer for multiple assessment years, dismissing the challenge. It found the assessee involved in issuing bogus bills and operating numerous bank accounts. The estimation of commission income at 2% was deemed fair. Protective addition of sales bills was upheld pending the outcome of substantive additions. Unexplained bank credits were added due to lack of evidence. The issue of cash deposits was set aside for verification. The penalty for furnishing inaccurate income particulars was upheld but remanded for re-examination based on related precedents. Case-Laws Income Tax Wed, 16 May 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=303402