https://www.taxtmi.com/caselaws?id=303560 The Tribunal dismissed the Revenue's appeal, affirming the decision to reduce the estimated commission rate for the assessee from 2% to 0.1%. The Tribunal found the Assessing Officer's addition of commission lacked concrete evidence, noting the absence of support for the presumption of commission income due to circular trading practices. The decision was supported by factual findings and a comparison with a similar case. The Tribunal emphasized the importance of evidence-based decisions and upheld the lower commission rate, providing substantial relief to the assessee based on a fair and reasoned analysis. en-us Wed, 20 Jun 2018 00:00:00 +0530 Sat, 30 Jul 2022 08:28:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=303560 The Tribunal dismissed the Revenue's appeal, affirming the decision to reduce the estimated commission rate for the assessee from 2% to 0.1%. The Tribunal found the Assessing Officer's addition of commission lacked concrete evidence, noting the absence of support for the presumption of commission income due to circular trading practices. The decision was supported by factual findings and a comparison with a similar case. The Tribunal emphasized the importance of evidence-based decisions and upheld the lower commission rate, providing substantial relief to the assessee based on a fair and reasoned analysis. Case-Laws Income Tax Wed, 20 Jun 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=303560