https://www.taxtmi.com/caselaws?id=785548 Re-characterisation of commission receipts as unexplained cash credits was sustained, but authorities failed to reduce the same amount from declared business income, producing a double addition; consequence: AO is directed to recompute business income after deducting the unexplained/unsubstantiated commission receipts. On quantum, the imposition of tax on such additions at 30% rather than 60% is endorsed insofar as the higher 60% levy is inapplicable prior to the statutory cutoff; this position is supported by relevant judicial precedent cited in the text. en-us Fri, 19 Dec 2025 00:00:00 +0530 Sat, 24 Jan 2026 11:03:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=785548 Re-characterisation of commission receipts as unexplained cash credits was sustained, but authorities failed to reduce the same amount from declared business income, producing a double addition; consequence: AO is directed to recompute business income after deducting the unexplained/unsubstantiated commission receipts. On quantum, the imposition of tax on such additions at 30% rather than 60% is endorsed insofar as the higher 60% levy is inapplicable prior to the statutory cutoff; this position is supported by relevant judicial precedent cited in the text. Case-Laws Income Tax Fri, 19 Dec 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=785548