https://www.taxtmi.com/highlights?id=104720 Consignment sales undertaken by a del credere commission agent for consignors, with commission income recorded, cannot be treated as the agent's own turnover merely because APMC cess was paid; the estimated profit addition was therefore deleted. Agency receivables and payables require factual verification that individual balances arise from commission transactions, including appropriate confirmations; their deletion was set aside for fresh verification. Unidentified additional evidence cannot support a Rule 46A objection where the allegedly new documents are not identified. Loans, advances and deposits require verification of their source, nature and genuineness; deletion without examining incomplete balance details was set aside, and the addition restored. en-us Fri, 09 Oct 2026 10:56:36 +0530 Fri, 09 Oct 2026 10:56:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=104720 Consignment sales undertaken by a del credere commission agent for consignors, with commission income recorded, cannot be treated as the agent's own turnover merely because APMC cess was paid; the estimated profit addition was therefore deleted. Agency receivables and payables require factual verification that individual balances arise from commission transactions, including appropriate confirmations; their deletion was set aside for fresh verification. Unidentified additional evidence cannot support a Rule 46A objection where the allegedly new documents are not identified. Loans, advances and deposits require verification of their source, nature and genuineness; deletion without examining incomplete balance details was set aside, and the addition restored. Highlights Income Tax Fri, 09 Oct 2026 10:56:36 +0530 https://www.taxtmi.com/highlights?id=104720