Held, dismissing the appeal of the Revenue the Tribunal held that there was no infirmity in the findings of the Commissioner (Appeals) that the assessee was an entry provider and was involved in accommodation entry business and had been rightly taxed at 0.5 per cent. on the commission income on the deposits in the bank account which included the sale consideration of Rs. 3,28,32,402 and deletion of the addition on account of business income.(AY.2010-11)
Dy. CIT v. Nexus Software Ltd (2022) 99 ITR 45 (SN) (Ahd)(Trib)
S. 143(3) : Assessment-Accommodation entry business-Commission on deposits-Estimate of income at 0.5 Per Cent is held to be proper.