https://www.taxtmi.com/caselaws?id=461136 The Tribunal concluded that the appropriate rate of commission for the assessee's income from accommodation entries and money laundering activities is 0.15%, aligning with previous decisions involving similar facts and the same group of companies. Additionally, the Tribunal decided that 25% of the expenses claimed by the assessee should be allowed as deductions, increasing the allowance from the 20% initially granted by the CIT(A). The appeal was partly allowed, favoring the assessee on both the commission rate and the deduction of expenses. en-us Thu, 02 Nov 2017 00:00:00 +0530 Mon, 17 Mar 2025 07:42:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=461136 The Tribunal concluded that the appropriate rate of commission for the assessee's income from accommodation entries and money laundering activities is 0.15%, aligning with previous decisions involving similar facts and the same group of companies. Additionally, the Tribunal decided that 25% of the expenses claimed by the assessee should be allowed as deductions, increasing the allowance from the 20% initially granted by the CIT(A). The appeal was partly allowed, favoring the assessee on both the commission rate and the deduction of expenses. Case-Laws Income Tax Thu, 02 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=461136