2010 (12) TMI 53 - ITAT, DELHI

Deemed income – payment of commission in the matter of bofors’ case – estimation of income – Held that: Keeping in consideration the rival contentions, all the facts, the material available on record, the probable normal human conduct, the surrounding circumstances, the preponderance of probabilities and the legal propositions, we have not hesitation to hold that assessee received the impugned commission as added by AO as his income for AYs 1987-88 and 1988-89.