https://www.taxtmi.com/caselaws?id=461999 ITAT Delhi ruled on multiple additions in a search and seizure case involving accommodation entries. The tribunal deleted the entire addition for unexplained credits, finding that when debit and credit entries are considered together, only commission income remains taxable. Commission rate was reduced from 2.5% to 0.5% as appropriate. Disallowance of service charges to proprietors was upheld due to lack of supporting evidence. 50% disallowance of office expenses was sustained for insufficient documentation. Unexplained cash addition was reduced from Rs. 12.5 lakh to Rs. 5 lakh, accepting family savings explanations but rejecting flat sale claims without evidence. Gold jewelry addition was deleted as 850 grams fell within CBDT circular limits for the five-member family composition. en-us Wed, 05 Apr 2023 00:00:00 +0530 Wed, 14 May 2025 19:05:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=461999 ITAT Delhi ruled on multiple additions in a search and seizure case involving accommodation entries. The tribunal deleted the entire addition for unexplained credits, finding that when debit and credit entries are considered together, only commission income remains taxable. Commission rate was reduced from 2.5% to 0.5% as appropriate. Disallowance of service charges to proprietors was upheld due to lack of supporting evidence. 50% disallowance of office expenses was sustained for insufficient documentation. Unexplained cash addition was reduced from Rs. 12.5 lakh to Rs. 5 lakh, accepting family savings explanations but rejecting flat sale claims without evidence. Gold jewelry addition was deleted as 850 grams fell within CBDT circular limits for the five-member family composition. Case-Laws Income Tax Wed, 05 Apr 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=461999