ITAT directs AO to Focus only on Determining Commission on Accommodation Entry in Revision Proceedings, Not beyond

The Income Tax Appellate Tribunal (ITAT) has directed the Assessing Officer (AO) to focus solely on determining the commission paid for accommodation entries in a revision proceeding and not to extend the inquiry beyond this. The case involved a reassessment of a taxpayer’s income, with the AO initially exploring other aspects beyond the issue of accommodation entries. The ITAT emphasized that the revision should be confined to the specific issue of commission paid for accommodation entries, following the principles of natural justice. The ruling ensures that the scope of revisions is not unnecessarily broadened, providing clarity on procedural boundaries for tax assessments.