Additions Based Solely on Investigation Report & Assumed 3% Commission Unsustainable: ITAT Mumbai

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%, without independent ...