2016 (10) TMI 538

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....SHI) 1. The Government has filed these appeals against the common order of Income Tax Appellate Tribunal dated 2.11.2012 raising the following questions for our consideration : "Whether Tribunal has erred in law and on facts in restricting addition of commission earned by assessee @1% as against 5% determined by CIT(A) without any basis or specific findings after agreeing that assessee was faci....

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.... principle confirmed the view of CIT(Appeals) but reduced the rate of commission to 1% from 5% adopted by the CIT(Appeals) by making observation that 5% seems to be on higher side. This order of the Tribunal has given rise to the present appeal at the hands of the Revenue. 3. As noted, the Revenue has not challenged the decision of CIT(Appeals) which goes to the root of the matter regarding the n....