Accommodation Entry Addition Set Aside for Fresh Verification of Investigation Wing Inputs

Oracle Granito Limited Vs DCIT (ITAT Ahmedabad) The Income Tax Appellate Tribunal allowed the assessee’s appeal for statistical purposes and remanded the matter to the Assessing Officer (AO) for fresh examination of an alleged accommodation entry addition for Assessment Year 2019–20. The appeal challenged the order of the National Faceless Appeal Centre, which had confirmed an addition of ₹2,00,184 based on information received from the Investigation Wing. The AO had reopened the assessment under Section 147 of the Income Tax Act, 1961, on the basis of information alleging that the asses...