https://www.taxtmi.com/caselaws?id=469543 Where purchase and sale entries are accepted and the books are not rejected, the full balance of sundry creditors cannot be added as bogus merely on a protective basis. In accommodation entry cases, however, the transactions may still reflect unproved genuineness, so only the real income element is assessable. The commentary adopts commission as the taxable component and treats 0.25% of the transaction value as a reasonable estimate, with the full creditor addition being unsustainable while the limited commission addition is maintainable. en-us Wed, 19 Jun 2019 00:00:00 +0530 Mon, 22 Jun 2026 12:58:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=469543 Where purchase and sale entries are accepted and the books are not rejected, the full balance of sundry creditors cannot be added as bogus merely on a protective basis. In accommodation entry cases, however, the transactions may still reflect unproved genuineness, so only the real income element is assessable. The commentary adopts commission as the taxable component and treats 0.25% of the transaction value as a reasonable estimate, with the full creditor addition being unsustainable while the limited commission addition is maintainable. Case-Laws Income Tax Wed, 19 Jun 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=469543