ITAT Confirms Addition of 1% Commission on Hawala / Bogus Turnover

INCOME TAX APPELLATE TRIBUNAL, “E” BENCH, MUMBAI BEFORE SHRI SANJAY ARORA, ACCOUNTANT MEMBER AND SHRI AMIT SHUKLA, JUDICIAL MEMBER ITA no. 8932/Mum./2010 – Assessment Year : 1996-97) ITA no. 8933/Mum./2010-Assessment Year : 1997-98) ITA no. 5853/Mum./2012 – Assessment Year: 1998-99) M/s. Saroj Anil Steel P. Ltd. V/s. Income Tax Officer Ward-3(4) Date of Order – 04.04.2014 ORDER The aforesaid appeals have been preferred by the assessee challenging the impugned order dated 15th September 2010, for the assessment year 1996-97 and 1997-98 and order d...