https://www.taxtmi.com/caselaws?id=753078 The ITAT Delhi held that where an assessee could not substantiate the source of cash deposits treated as unexplained cash credit under section 68, but argued these were commission earnings from accommodation entries, the Tribunal applied precedent from the assessee's own case in earlier years. Following the established treatment of the assessee as an "Entry Operator," the Tribunal directed the AO to charge commission at 0.15% on the amount of Rs. 160,10,097/- instead of treating the entire amount as unexplained cash credit. en-us Thu, 04 Jan 2024 00:00:00 +0530 Fri, 24 May 2024 08:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=753078 The ITAT Delhi held that where an assessee could not substantiate the source of cash deposits treated as unexplained cash credit under section 68, but argued these were commission earnings from accommodation entries, the Tribunal applied precedent from the assessee's own case in earlier years. Following the established treatment of the assessee as an "Entry Operator," the Tribunal directed the AO to charge commission at 0.15% on the amount of Rs. 160,10,097/- instead of treating the entire amount as unexplained cash credit. Case-Laws Income Tax Thu, 04 Jan 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=753078