ITAT Delhi Rejected Accommodation Entry Allegation for Lack of Contradictory Evidence

ACIT Vs Triveni Impex Private Limited (ITAT Delhi) The Delhi Bench of the Income Tax Appellate Tribunal considered an appeal filed by the Revenue against the order of the Commissioner of Income Tax (Appeals) dated 13.03.2025, which had deleted additions made under section 68 of the Income Tax Act for assessment year 2017–18. The assessment arose from scrutiny proceedings in which the Assessing Officer treated receipts of ₹5.49 crore from two parties as accommodation entries and added the same as unexplained cash credits. The Assessing Officer relied on information from the Investigation Wi...