https://www.taxtmi.com/caselaws?id=430824 The Tribunal allowed the appeal, setting aside the CIT(A)'s decision and deleting the addition of commission income. It concluded that the transactions were legitimate business activities, not accommodation entries. The Tribunal emphasized the importance of cross-examination and invalidated the assessment due to the lack of this opportunity. The decision highlighted the need for fair procedures and detailed examination of evidence in assessing the nature of transactions accurately. en-us Tue, 18 Oct 2022 00:00:00 +0530 Mon, 28 Nov 2022 14:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=430824 The Tribunal allowed the appeal, setting aside the CIT(A)'s decision and deleting the addition of commission income. It concluded that the transactions were legitimate business activities, not accommodation entries. The Tribunal emphasized the importance of cross-examination and invalidated the assessment due to the lack of this opportunity. The decision highlighted the need for fair procedures and detailed examination of evidence in assessing the nature of transactions accurately. Case-Laws Income Tax Tue, 18 Oct 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=430824