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RU
ITAT Mumbai: Accommodation Entry Commission Rate Cut to 0.47% in Section 153C Cases
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taxguruin
The assessee also sought application of the 0.47% commission rate adopted by the Tribunal in its own case for AYs 2015-16 to 2018-19.
AO applied commission rate of 1.75% to transaction value of Rs.52.66 Crores to make addition of Rs.92.17 Lacs.
The co-ordinate bench, at para-13 of the order, estimated commission rate of 0.47% on the turnover of this very assessee.
AO to apply commission rate of 0.47% on aggregate value of transactions as taken by Ld.
Another addition of Rs.2.06 Lacs was made by applying commission rate of 1.75%.