https://www.taxtmi.com/highlights?id=74981 Addition u/s 68 - Addition as income of brokerage/commission @ 2% of cash deposits as accommodation entry provider - onus to prove - The High Court concluded that the respondent had disclosed complete details of the bank accounts and transactions, and the income was correctly determined as brokerage/commission on the cash deposits. - The peak credit adopted by the ITAT to determine income of the assessee does not require interference. - The order of ITAT deleting the additions confirmed. en-us Sat, 17 Feb 2024 06:50:44 +0530 Sat, 17 Feb 2024 06:50:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=74981 Addition u/s 68 - Addition as income of brokerage/commission @ 2% of cash deposits as accommodation entry provider - onus to prove - The High Court concluded that the respondent had disclosed complete details of the bank accounts and transactions, and the income was correctly determined as brokerage/commission on the cash deposits. - The peak credit adopted by the ITAT to determine income of the assessee does not require interference. - The order of ITAT deleting the additions confirmed. Highlights Income Tax Sat, 17 Feb 2024 06:50:44 +0530 https://www.taxtmi.com/highlights?id=74981