https://www.taxtmi.com/caselaws?id=792127 The ITAT Mumbai held that commission income from large-scale synchronized trades and market manipulation could not be restricted to 1% on the assessee's transaction value. The record showed artificial volumes, share-price manipulation, and SEBI debarment, which made the activity unlike ordinary brokerage and supported a higher commission estimate. On those facts, the appellate authority's reduced rate was found unsupported, and the Assessing Officer's 5% estimation was restored as linked to the clandestine arrangement and transaction pattern. en-us Thu, 23 Apr 2026 00:00:00 +0530 Sat, 23 May 2026 08:27:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=792127 The ITAT Mumbai held that commission income from large-scale synchronized trades and market manipulation could not be restricted to 1% on the assessee's transaction value. The record showed artificial volumes, share-price manipulation, and SEBI debarment, which made the activity unlike ordinary brokerage and supported a higher commission estimate. On those facts, the appellate authority's reduced rate was found unsupported, and the Assessing Officer's 5% estimation was restored as linked to the clandestine arrangement and transaction pattern. Case-Laws Income Tax Thu, 23 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=792127