One Commission, Two Tax Demands? ITAT Says: Verify First – No Double Taxation

Sanjay Kumar Drolia Vs ITO (ITAT Kolkata) One Commission, Two Tax Demands? ITAT Says: Verify First – No Double Taxation Assessee, an individual, had originally filed his return of income declaring ₹9.11 lakh. Later, based on information from the Investigation Wing, the Assessing Officer alleged that Assessee was involved in providing accommodation entries such as bogus billing, bogus share capital & unsecured loans to various beneficiaries in exchange for commission @ 0.50% during earlier years. On this basis, AO reopened the assessment u/s 148. Assessee complied with notices u/s 142(1...