ITAT Reduces 10% Income Estimate to 3% for Transport Agent, Holds Only Profit Element Taxable:

The ITAT restricts the transport agent’s estimated income addition to 3% of bank credits, holding that only the profit element can be taxed instead of the entire freight receipts.

ITAT Restricts Income Addition to 3% of Bank Credits

Saloni Kumari

Jul 8, 2026

Last update on Jul 8, 2026

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ITAT Reduces 10% Income Estimate to 3% for Transport Agent, Holds Only Profit Element Taxable

The ITAT restricts the transport agent’s estimated income addition to 3% of bank credits, holding that only the profit element can be taxed instead of the entire freight receipts.

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Saloni Kumari

Content Writer

Saloni is a Content Writer with 2+ years of experience at studycafe.in. She writes legal, taxation, and finance related content including GST, Income Tax etc. Skilled in translating complex judicial pronouncements and regulatory developments into clear, and reader-friendly articles. Experienced in covering judgements of ITAT, High Court, GSTAT, and news related to Income Tax, GST, and corporate law. She can be reached at [email protected].