https://www.taxtmi.com/caselaws?id=463375 ITAT upheld the appellate authority's reduction of undisclosed commission income addition from 2% to 0.1% of total turnover, finding the AO's estimation unsupported by relevant material. The assessee had disclosed the modus operandi and identified intermediaries involved in purported bogus trades on the stock exchange, and CIT(A) noted inconsistent treatment of other parties by the AO. The revenue's appeal was dismissed for lack of merit. en-us Tue, 28 Nov 2023 00:00:00 +0530 Thu, 28 Aug 2025 20:47:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=463375 ITAT upheld the appellate authority's reduction of undisclosed commission income addition from 2% to 0.1% of total turnover, finding the AO's estimation unsupported by relevant material. The assessee had disclosed the modus operandi and identified intermediaries involved in purported bogus trades on the stock exchange, and CIT(A) noted inconsistent treatment of other parties by the AO. The revenue's appeal was dismissed for lack of merit. Case-Laws Income Tax Tue, 28 Nov 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=463375