Suspicion Cannot Replace Evidence, Ad-Hoc Commission Addition Partly Set Aside

Advanced Computers and Mobiles India Private Limited Vs DCIT (ITAT Mumbai) ITAT Mumbai Restricts Ad-hoc Commission Addition in Alleged Bogus Billing Case; Suspicion Cannot Replace Evidence The Mumbai ITAT partly allowed the assessee’s appeal in a reassessment case involving allegations of issuing bogus invoices for passing fraudulent GST input tax credit. The Assessing Officer, relying mainly on third-party information from GST authorities and statements recorded in the case of another entity, had made an ad-hoc addition of ₹30.43 crore by estimating commission income at 2% of total sales ...