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%Please become a Premium member. If you are already a Premium member, login here to access the full content.