ITAT Upholds Genuine LTCG Claim Despite Alleged Accommodation Entries

Sujit Madan Vs DCIT (ITAT Delhi)

The appeal in ITA No. 3436/Del/2023 for assessment year 2016-17 before the Income Tax Appellate Tribunal (ITAT) Delhi arose from the order of the Commissioner of Income Tax (Appeals)-23, New Delhi, dated 31.10.2023, which upheld the assessment order passed under sections 147 read with 143(3) of the Income Tax Act, 1961, by the Assessing Officer (AO), DCIT, Central Circle-1, Delhi. The assessee, an individual, had filed the original return of income under section 139(1) on 21-07-2016, declaring total income of Rs. 47,08,260, which was processed under

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