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Alleged accommodation entries not entered by assessee hence revenue’s appeal dismissed
Case Law Details
- Case Name
- ITO Vs Kapilkumar Amarchand Agrawal (ITAT Ahmedabad)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2010-11
- Courts
- All ITAT, ITAT Ahmedabad
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ITO Vs Kapilkumar Amarchand Agrawal (ITAT Ahmedabad)
ITAT Ahmedabad held that appeal filed by the revenue is liable to be dismissed since the alleged accommodation entries are not entered by the assessee and no contrary evidences proving the same has been produced by the revenue.
Facts- The present appeal is filed by the revenue mainly contesting that whether CIT(A) is justified in deleting the addition of Rs 19,77,500/- made u/s 68 of the Act without appreciating the fact that the National Multi Commodity Exchange had confirmed that the assessee has carried out transaction through sub broker ...
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