Cash Deposit from Fruit & Vegetable Sale Commission Not Income: ITAT Kolkata

Advertisement Sujit Biswas Vs ITO (ITAT Kolkata) The assessee is a proprietor of Baba Lokenath Sahal Sabji Bhandar and total turnover disclosed by the assessee during the instant financial year were ₹32,00,500/- against the purchases of ₹15,52,770/-. Assessee filed his return at total income at ₹2,92,240/-. The assessee engaged in the business of purchase and sale of vegetables and also acting as a commission agent on behalf of fruit suppliers/ growers. Assesssee has shown commission income of Rs. 6,94,500/- for rendering his services as commission agent to the fruits/vegetable grower...