https://www.taxtmi.com/caselaws?id=55477 The Tribunal upheld the estimate of income from the "commission" business for the assessment year 1980-81 at Rs. 20,000, rejecting the assessee's appeal. The addition of Rs. 5,000 in respect of the business of purchase and sale of rejected diamonds was rejected as the assessee did not press this ground. The deletion of self-occupied property income of Rs. 2,000 was upheld as the property belonged to the HUF. The allowance of payment of Rs. 43,744 disallowed under section 40A(3) for the assessment year 1980-81 was reversed, while upheld for 1981-82. The estimate of income from "Diamond Majuri Commission" for the assessment year 1981-82 at Rs. 31,000 was confirmed. en-us Mon, 10 Sep 1990 00:00:00 +0530 Sun, 06 Feb 2011 03:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=55477 The Tribunal upheld the estimate of income from the "commission" business for the assessment year 1980-81 at Rs. 20,000, rejecting the assessee's appeal. The addition of Rs. 5,000 in respect of the business of purchase and sale of rejected diamonds was rejected as the assessee did not press this ground. The deletion of self-occupied property income of Rs. 2,000 was upheld as the property belonged to the HUF. The allowance of payment of Rs. 43,744 disallowed under section 40A(3) for the assessment year 1980-81 was reversed, while upheld for 1981-82. The estimate of income from "Diamond Majuri Commission" for the assessment year 1981-82 at Rs. 31,000 was confirmed. Case-Laws Income Tax Mon, 10 Sep 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=55477