This is premium content. Please become a Premium member. If you are already a member, login here to access the full content.
AO’s Suspicion Not Enough: ITAT Deletes Section 68 ‘Accommodation Entry’
Case Law Details
- Case Name
- ACIT Vs Greenscape Developers Private Limited (ITAT Mumbai)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2012-13
- Courts
- All ITAT, ITAT Mumbai
Upgrade to Basic or Premium to download.
Already Upgraded? Log in.
Advertisement
ACIT Vs Greenscape Developers Private Limited (ITAT Mumbai)
Section 68 Additions on ‘Accommodation Entry’ Theory Deleted: ITAT Finds AO Relied Only on Search Statements- Identity, Creditworthiness & Genuineness Proved— No Cash Trail, Strong Financials: ITAT Rejects Revenue’s 68 Theory- When AO Ignores Evidence, Additions Cannot Stand:
These eight Revenue appeals arose from additions u/s 68 & related interest disallowances across three assessees of the Greenscape Group. AO had treated unsecured loans received in various years as accommodation entries alleged...
Author Info
