Unexplained commodities income would fall U/s. 68

A due consideration of findings recorded by the Assessing Officer as well as the Income Tax Appellate Tribunal, leave no ambiguity that Rs. 11,19,765/- claimed Ly the appellant as commodities income is not relatable to the business of the appellant and as held by the Assessing Officer, duly affirmed by the Income TAX  Appellate Tribunal and is a sham transaction, recorded with the sole object of evading tax by claiming this amount as income from other sources. The appellant was unable to satisfactorily Explain his dealings with M/s Shivam Commodities Services L

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