https://www.taxtmi.com/caselaws?id=459116 The Tribunal dismissed the appellant's appeals for three consecutive assessment years, affirming the CIT(A)'s decision to uphold the additions made by the AO regarding suppressed commission income in a cheque discounting business. The Tribunal found the appellant's arguments unsubstantiated due to a lack of concrete evidence to support the claimed lower commission rates and the absence of transaction-based workings. The appellant's concerns about cross-examination opportunities and reliance on previous assessment orders were also rejected, emphasizing the necessity of substantiating claims with current evidence in tax assessments. en-us Tue, 18 Dec 2012 00:00:00 +0530 Mon, 02 Dec 2024 14:43:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=459116 The Tribunal dismissed the appellant's appeals for three consecutive assessment years, affirming the CIT(A)'s decision to uphold the additions made by the AO regarding suppressed commission income in a cheque discounting business. The Tribunal found the appellant's arguments unsubstantiated due to a lack of concrete evidence to support the claimed lower commission rates and the absence of transaction-based workings. The appellant's concerns about cross-examination opportunities and reliance on previous assessment orders were also rejected, emphasizing the necessity of substantiating claims with current evidence in tax assessments. Case-Laws Income Tax Tue, 18 Dec 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=459116