Hawala Transactions: No addition for commission on incremental peak credit amount

K. P. Abdul Majeed Vs ACIT (Kerala High Court) The next question is as to the commission which could have been assessed at the hands of the assessee for which also the assessee refused to state anything as to the actual percentage. The assessee’s contention is that the same should be confined to that fixed on one another assessment made in the case of one another agent who was also implicated as a part of the network unearthed by the ED. We cannot find any inconsistency in the Assessing Officer having not adopted the commission as adopted by another officer in a different location. At th...