https://www.taxtmi.com/caselaws?id=306898 Protective additions made in the hands of an assessee-company for accommodation entries, alleged unexplained investment in shares, and related commission income were not sustained where the person controlling the company stated that the commission had already been offered as his taxable income for the relevant years. The Tribunal noted that the substantive taxability of that commission was to be examined in his own appeals, and the material before it supported deletion of the protective additions in the company's hands. The Revenue's challenge therefore failed, and the additions were not maintained in these appeals. en-us Wed, 14 Dec 2022 00:00:00 +0530 Fri, 03 Mar 2023 22:18:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=306898 Protective additions made in the hands of an assessee-company for accommodation entries, alleged unexplained investment in shares, and related commission income were not sustained where the person controlling the company stated that the commission had already been offered as his taxable income for the relevant years. The Tribunal noted that the substantive taxability of that commission was to be examined in his own appeals, and the material before it supported deletion of the protective additions in the company's hands. The Revenue's challenge therefore failed, and the additions were not maintained in these appeals. Case-Laws Income Tax Wed, 14 Dec 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=306898