https://www.taxtmi.com/caselaws?id=431136 The Tribunal upheld the CIT(A)'s decisions on all issues, dismissing the revenue's appeal and the assessee's cross-objection. The additions made on unexplained cash credits and commission income were restricted based on precedent to 0.15% of sales. The rejection of books of account, addition of commission income on investment transactions, and disallowance of expenses were all upheld. The Tribunal found no merit in the arguments presented by either party, affirming the CIT(A)'s rulings. en-us Mon, 31 Oct 2022 00:00:00 +0530 Tue, 06 Dec 2022 10:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=431136 The Tribunal upheld the CIT(A)'s decisions on all issues, dismissing the revenue's appeal and the assessee's cross-objection. The additions made on unexplained cash credits and commission income were restricted based on precedent to 0.15% of sales. The rejection of books of account, addition of commission income on investment transactions, and disallowance of expenses were all upheld. The Tribunal found no merit in the arguments presented by either party, affirming the CIT(A)'s rulings. Case-Laws Income Tax Mon, 31 Oct 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=431136