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Estimated Commission Addition Unsustainable Without Rejecting Books
Case Law Details
- Case Name
- Anil Kumar Jain Vs ACIT (ITAT Raipur)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2018-19
- Courts
- All ITAT, ITAT Raipur
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Anil Kumar Jain Vs ACIT (ITAT Raipur)
Estimated Commission Addition Unsustainable Without Rejecting Books
Estimated Commission Addition Unsustainable Without Rejecting Books: ITAT Raipur Deletes Additions
Summary: The Raipur Bench (SMC) of the Income Tax Appellate Tribunal (ITAT) allowed the assessee’s appeals for AYs 2018-19 and 2019-20, holding that estimated additions towards commission income cannot be made without rejecting the books of account under section 145(3) and without resorting to best judgment assessment under section 144.
In the present case, following a search under section ...
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