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Assessee should be prosecuted u/s 276(b) for failure to comply with the provisions of section 133(4).
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.... Income-tax Appellate Tribunal allowed as a deduction the major portion of the secret commission alleged to have been paid by a bookseller. In taking the view that secret commission was in fact paid, the Tribunal relied on the nature of the business, the high margin of profit earned by the assessee and the increase in the sales. The factors mentioned above are clearly in the nature of surmises and....