https://www.taxtmi.com/caselaws?id=778827 ITAT allowed the taxpayer's appeal, holding the AO's addition of 14% commission on transactions was unjustified where the taxpayer had furnished full transaction details and explanatory statements about client-code modifications. The tribunal found the AO and CIT(A) acted without verifying whether code changes were genuine or intended to confer improper benefits, relying solely on Investigation Wing information and making additions without material on record. The reassessment was therefore not sustained and the grounds of appeal of the taxpayer were allowed. en-us Fri, 19 Sep 2025 00:00:00 +0530 Tue, 23 Sep 2025 08:29:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=778827 ITAT allowed the taxpayer's appeal, holding the AO's addition of 14% commission on transactions was unjustified where the taxpayer had furnished full transaction details and explanatory statements about client-code modifications. The tribunal found the AO and CIT(A) acted without verifying whether code changes were genuine or intended to confer improper benefits, relying solely on Investigation Wing information and making additions without material on record. The reassessment was therefore not sustained and the grounds of appeal of the taxpayer were allowed. Case-Laws Income Tax Fri, 19 Sep 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=778827