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Additions Based Solely on Investigation Report & Assumed 3% Commission Unsustainable: ITAT Mumbai
Case Law Details
- TaxGuru Citation
- 2026 taxguru.in 2560
- Case Name
- Din Dayal Jalan Textile Pvt. Ltd. Vs ACIT (ITAT Mumbai)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2022-23
- Courts
- All ITAT, ITAT Mumbai
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Din Dayal Jalan Textile Pvt. Ltd. Vs ACIT (ITAT Mumbai)
Additions Based Solely on Investigation Report & Assumed 3% Commission Unsustainable – ₹2 Cr Additions Deleted – ITAT Mumbai
The assessee company, engaged in textile trading, faced additions of ₹1 crore u/s 69A as alleged unaccounted commission and ₹1 crore as estimated business income based on information from a search conducted on a third party (JM Jain LLP). The AO relied on entries found in a “JSK Server” and extrapolated alleged unaccounted purchases of ₹33.33 crore by assuming commission @3%, wit...
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