commission income at the same rate shall be assessed in the hands of assessee,under the similar facts and circumstances emanating out of the identical search


Quick Summary
The Income Tax Appellate Tribunal (ITAT) in Mumbai has ruled that commission income should be assessed at the same rate for an assessee, provided the facts and circumstances are identical. This decision consolidates appeals related to assessment years 2006-07 to 2009-10, confirming a consistent tax treatment for such income.

Court :
ITAT Mumbai

Brief :
These appeals in ITA No.7105/Mum/2017, 7106/Mum/2017, 7107/Mum/2017 & 7108/Mum/2017 for A.Y.2009-10, 2006-07, 2007-08 & 2008-09 arise out of the order by the ld. Commissioner of Income Tax (Appeals)-50, Mumbai in appeal Nos.CIT(A)-50/IT-73/2016-17-AY 2006-07, CIT(A)-50/IT-72/2016-17-AY 2007-08, CIT(A)-50/IT-71/2016-17-AY 2008-09 & CIT(A)-50/IT-70/2016-17-AY 2009-10 respectively dated 25/04/2016 (ld. CIT(A) in short) against the order of assessment passed u/s.144 r.w.s.263 of the Income Tax Act, 1961 (hereinafter referred to as Act) dated 21/03/2016 by the ld. Dy. Commissioner of Income Tax Central Circle-8(1), Mumbai (hereinafter referred to as ld. AO).

Citation :
ITA 7105/MUM/2017

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