Accommodation entry of huge amount needs further enquiry hence matter remanded

Priya Mohan Gurnani Vs DCIT (ITAT Mumbai) ITAT Mumbai held that receipt of Rs 37 crores of exempt capital gain in a non-descript listed company operated by the accommodation entry provider, who has confessed that he has provided accommodations entries to the beneficiaries, including assessee remanded back to the file of AO for further enquiry. Facts- The appellant is an individual assessed to income tax. Search and seizure action u/s 132 of the act was carried on 4/2/2016. Therefore the assessment for assessment year 2010 – 11 to 2014 – 15 were carried out by issuing a notice u/s 153A of t...