https://www.taxtmi.com/highlights?id=66797 Revision u/s 263 - undisclosed income of the firm - Having arrived at the true nature of assessee's activities of that of an accommodation entry provider, the AO has applied commission rate of 8% on total receipts/transaction value of entries - PCIT has not pointed out how rate of 8% being the commission income so determined by the AO is unsustainable in the eyes of law - Revision order set aside - AT en-us Mon, 28 Nov 2022 10:49:29 +0530 Mon, 28 Nov 2022 10:49:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=66797 Revision u/s 263 - undisclosed income of the firm - Having arrived at the true nature of assessee's activities of that of an accommodation entry provider, the AO has applied commission rate of 8% on total receipts/transaction value of entries - PCIT has not pointed out how rate of 8% being the commission income so determined by the AO is unsustainable in the eyes of law - Revision order set aside - AT Highlights Income Tax Mon, 28 Nov 2022 10:49:29 +0530 https://www.taxtmi.com/highlights?id=66797