https://www.taxtmi.com/caselaws?id=442805 Accommodation-entry activity supported estimation of commission income at 3% of turnover on the basis of admissions and surrounding material, and no contrary material was produced to displace that rate. A separate addition for credit card expenditure was unsustainable where the related income had already been brought to tax, because taxing the outgo again would amount to double taxation of the same funds. The commentary therefore reflects acceptance of commission estimation on the available material and rejection of a further unexplained-expenditure addition linked to taxed income. en-us Thu, 31 Aug 2023 00:00:00 +0530 Wed, 27 Dec 2023 11:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=442805 Accommodation-entry activity supported estimation of commission income at 3% of turnover on the basis of admissions and surrounding material, and no contrary material was produced to displace that rate. A separate addition for credit card expenditure was unsustainable where the related income had already been brought to tax, because taxing the outgo again would amount to double taxation of the same funds. The commentary therefore reflects acceptance of commission estimation on the available material and rejection of a further unexplained-expenditure addition linked to taxed income. Case-Laws Income Tax Thu, 31 Aug 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=442805