https://www.taxtmi.com/caselaws?id=793429 Section 69A could not be applied because the seized material showed commission receipts but no unexplained money, bullion, jewellery or other valuable article in the assessee's possession, so the statutory precondition was not met. The material nevertheless indicated undisclosed commission activity, meaning the addition could not be sustained on a gross receipts basis. The addition under section 69A was therefore held unsustainable, and only 20% of the gross commission was directed to be taxed as income. en-us Tue, 26 May 2026 00:00:00 +0530 Tue, 16 Jun 2026 08:32:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=793429 Section 69A could not be applied because the seized material showed commission receipts but no unexplained money, bullion, jewellery or other valuable article in the assessee's possession, so the statutory precondition was not met. The material nevertheless indicated undisclosed commission activity, meaning the addition could not be sustained on a gross receipts basis. The addition under section 69A was therefore held unsustainable, and only 20% of the gross commission was directed to be taxed as income. Case-Laws Income Tax Tue, 26 May 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=793429