https://www.taxtmi.com/caselaws?id=798295 Commission receipts may be computed on a presumptive basis where the receipts are accepted but the claimed indirect expenditure is not supported by an agreement, evidence of services, or proof of exclusive linkage to commission activity. Income is consequently computed at 50% of commission receipts under Section 44ADA rather than by disallowing all expenditure. Books of account may be rejected where disclosed sales are materially lower than bank credits and the excess credits remain unexplained; profit estimated at 8% of those credits on a presumptive basis remains sustained. en-us Tue, 01 Sep 2026 00:00:00 +0530 Fri, 04 Sep 2026 08:24:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=798295 Commission receipts may be computed on a presumptive basis where the receipts are accepted but the claimed indirect expenditure is not supported by an agreement, evidence of services, or proof of exclusive linkage to commission activity. Income is consequently computed at 50% of commission receipts under Section 44ADA rather than by disallowing all expenditure. Books of account may be rejected where disclosed sales are materially lower than bank credits and the excess credits remain unexplained; profit estimated at 8% of those credits on a presumptive basis remains sustained. Case-Laws Income Tax Tue, 01 Sep 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=798295