In the result, appeal filed by the assessee and the

Bench: Shri G. Manjunatha & Shri Rahul Chaudharyआयकर अपील सं./I.T.A.Nos.2115/Chny/2019 & 791/Chny/2020 ("नधा"रणवष" / Assessment Years: 2016-17 & 2017-18) M/S. V.K.Textile Processors Vs The Income Tax Officer, Ward-2(1) 207/2,3 & 208/1, Erode. Gangapuram Village, Chittode, Erode-638 102. Pan:Aalfv 0640C (अपीलाथ"/Appellant) (""यथ"/Respondent) & आयकर अपील सं./I.T.A.No.2231/Chny/2019 & C.O.No.87/Chny/2019 [In Ita No.2231/Chny/2019 – Ay -2016-17] ("नधा"रणवष" / Assessment Year: 2016-17) The Income Tax Officer, M/S. V.K.Textile Processors Ward-2(1) 207/2,3 & 208/1, Erode. Gangapuram Village, Chittode, Erode-638 102. Pan:Aalfv 0640C (अपीलाथ"/Appellant) (""यथ"/Respondent/Cross Objector) : Mr. S.Sridhar, Advocate -Erode अपीलाथ" क" ओर से/ Assessee By : Mrs. V.Sreedevi, Jcit ""यथ" क" ओर से/Revenue By 31.05.2022 : सुनवाई क"तार ख/Date Of Hearing 02.06.2022 : घोषणा क"तार ख /Date Of Pronouncement आदेश / O R D E R Per G.Manjunatha, Am:

section 40A(3) of the Income Tax Act, 1961, are rejected. 9. As regards, alternative arguments of the assessee that the assessee was acting only as commission agent and net commission income has been offered to tax, we find that if the assessee acted only as commission agent without showing purchases & sales as his own purchase & sales, then the Assessing