Addition of commission income earned on different transaction by providing accommodation entries sustainable

Praveen Kumar Jain Vs DCIT (ITAT Mumbai) ITAT Mumbai held that addition in respect of commission income earned on different transactions for loans and advances for share application money for purchase and sales, etc. sustainable as it is proved that assessee is into the business of providing accommodation entries. Facts- On the basis of the search and seizure operation conducted under section 132 at the premises of assesses, notices a under section 153A were issued, and in response thereto they filed a return of income under section 153A. Assessee claimed to have derived income from the busine...