No addition regarding commission income earned by PSPL as it was not an undisclosed income

Aston Shoes Private Limited Vs ACIT (ITAT Chennai) Conclusion: Additions made by attributing the commission income earned by PSPL as undisclosed income of the Assessees were held unsustainable in law and were directed to be deleted across all relevant assessment years as Revenue had failed to establish inflation of purchase prices; accrual of PSPL’s commission income to assessees; any flow back of funds to the Assessees; or that PSPL was a sham or fictitious entity. Held: During search proceedings conducted in the Farida Group cases at Chennai, Revenue discovered books of account and debit ...