https://www.taxtmi.com/caselaws?id=781701 ITAT upheld the Addl. CIT's consolidated approval under s.153D for assessment years 2013-14 to 2019-20 as valid. It ruled s.69A inapplicable because no unexplained cash, bullion or valuables were found; only documents evidencing gross commission were seized. The Tribunal held Revenue cannot assess gross commission without allowing expenses and directed the AO to treat 20% of the gross commission as the assessee's taxable income. en-us Fri, 14 Nov 2025 00:00:00 +0530 Wed, 19 Nov 2025 08:52:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=781701 ITAT upheld the Addl. CIT's consolidated approval under s.153D for assessment years 2013-14 to 2019-20 as valid. It ruled s.69A inapplicable because no unexplained cash, bullion or valuables were found; only documents evidencing gross commission were seized. The Tribunal held Revenue cannot assess gross commission without allowing expenses and directed the AO to treat 20% of the gross commission as the assessee's taxable income. Case-Laws Income Tax Fri, 14 Nov 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=781701