https://www.taxtmi.com/caselaws?id=469547 In accommodation entry business, income is to be taxed on the commission actually attributable to routing funds, and not on an unsupported higher estimate. The text notes that commission offered at 0.15% was accepted in substance, while the higher 0.60% rate was found excessive on the available material and comparable precedents, with 0.16% adopted. It also states that aggregate bank balances of 11 controlled entities could not be added under section 69 as unexplained investment where the balances were recorded in books and were linked to the entry business; only the commission element on routed funds was taxable. en-us Thu, 14 Mar 2024 00:00:00 +0530 Mon, 22 Jun 2026 14:14:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=469547 In accommodation entry business, income is to be taxed on the commission actually attributable to routing funds, and not on an unsupported higher estimate. The text notes that commission offered at 0.15% was accepted in substance, while the higher 0.60% rate was found excessive on the available material and comparable precedents, with 0.16% adopted. It also states that aggregate bank balances of 11 controlled entities could not be added under section 69 as unexplained investment where the balances were recorded in books and were linked to the entry business; only the commission element on routed funds was taxable. Case-Laws Income Tax Thu, 14 Mar 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=469547