https://www.taxtmi.com/caselaws?id=775740 The ITAT Kolkata partially allowed the appeal of the assessee concerning bogus accommodation sales bill entries. The tribunal held that since the beneficiary of the accommodation entry was identified, a commission rate of 5% should be applied instead of the 10% rate imposed by the CIT(A). The AO was directed to apply the 5% commission rate on the accommodation entries, aligning with precedent in a similar case. The DR supported the CIT(A) order, but the tribunal found no basis for the 10% rate, reducing it to 5%. en-us Mon, 28 Jul 2025 00:00:00 +0530 Wed, 30 Jul 2025 08:21:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=775740 The ITAT Kolkata partially allowed the appeal of the assessee concerning bogus accommodation sales bill entries. The tribunal held that since the beneficiary of the accommodation entry was identified, a commission rate of 5% should be applied instead of the 10% rate imposed by the CIT(A). The AO was directed to apply the 5% commission rate on the accommodation entries, aligning with precedent in a similar case. The DR supported the CIT(A) order, but the tribunal found no basis for the 10% rate, reducing it to 5%. Case-Laws Income Tax Mon, 28 Jul 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=775740