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Accommodation Entry Purchases Invite 100% Disallowance, Not Estimation
Case Law Details
- Case Name
- Pinkal Dilip Bhansali Vs ITO (ITAT Mumbai)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2011-12
- Courts
- All ITAT, ITAT Mumbai
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Pinkal Dilip Bhansali Vs ITO (ITAT Mumbai)
Bogus Diamond Purchases Fully Disallowed: ITAT Mumbai Upholds 100% Addition u/s 69C Based on Jain–Choudhary Accommodation Entry Racket
ITAT Mumbai (C Bench) in Pinkal Dilip Bhansali vs ITO (ITA No. 1701/Mum/2025, AY 2011-12, order dated 23.12.2025) has dismissed the assessee’s appeal, upholding reopening u/s 148 and 100% disallowance of ₹2.24 crore u/s 69C towards alleged bogus diamond purchases from M/s Nazar Impex Pvt. Ltd., an entity found to be part of the Rajendra Jain / Sanjay Choudhary accommodation-entry group.
The reassessment was initi...
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