ITAT Bangalore Remands Commission Discrepancy Case Back to AO for Fresh Consideration

Ginkloru Gangareddy Vs ITO (ITAT Bangalore) In the case of Ginkloru Gangareddy vs. ITO, the appellant, a proprietor running a business named “Shri Maruthi Agencies,” engaged in distributorship for Reliance Jio and Sun Direct, filed their original return for the assessment year 2020-21, declaring a total income of Rs. 5,47,610/-. The case was selected for scrutiny due to the large commission expenses claimed and the low net profit shown. The primary issue raised by the appellant was the addition of commission and brokerage receipts amounting to Rs. 26,54,109/- to their total income....