ITAT Restricts Taxable Commission Income from Alleged Accommodation Entries to 0.15% of Total Entries:

ITAT reduces the accommodation entry commission addition from 3% to 0.15%, substantially lowering the tax liability on alleged entries worth Rs 24.73 crore.
ITAT Slashes Rs 1.48 Crore Addition

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ITAT Restricts Taxable Commission Income from Alleged Accommodation Entries to 0.15% of Total Entries
ITAT reduces the accommodation entry commission addition from 3% to 0.15%, substantially lowering the tax liability on alleged entries worth Rs 24.73 crore.
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Saloni Kumari
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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].
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].
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