Commission from Accommodation Entry to be Included in Total Income

Secunderabad Healthcare Ltd Vs CIT (ITAT Mumbai) Introduction: The Income Tax Appellate Tribunal (ITAT) of Mumbai has recently delivered an important ruling in the case of Secunderabad Healthcare Ltd Vs CIT. The tribunal ruled that the commission earned from the provision of accommodation entries will be added to the total income of the assessee. This ruling can set a precedent for future cases concerning bogus transactions and income manipulation. Analysis: In this case, Secunderabad Healthcare Ltd appealed against the order of the Commissioner of Income Tax (Appeals)–48, Mumbai, arguing ag...