https://www.taxtmi.com/highlights?id=70350 Estimation of income - “real income/commission income” - Unexplained deposits in bank account - the assessee is engaged in the business of “cheque discounting” in order to earn commission income. - would not be correct to bring to tax the entire cash deposits as the assessee’s undisclosed income. - It would be reasonable to take 0.25% of total deposits in the bank accounts as commission income - AT en-us Thu, 15 Jun 2023 08:59:24 +0530 Thu, 15 Jun 2023 08:59:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=70350 Estimation of income - “real income/commission income” - Unexplained deposits in bank account - the assessee is engaged in the business of “cheque discounting” in order to earn commission income. - would not be correct to bring to tax the entire cash deposits as the assessee’s undisclosed income. - It would be reasonable to take 0.25% of total deposits in the bank accounts as commission income - AT Highlights Income Tax Thu, 15 Jun 2023 08:59:24 +0530 https://www.taxtmi.com/highlights?id=70350