Section 153A Additions for Accommodation Entries Invalid Without Incriminating Material

ACIT Vs GM Modular Pvt. Ltd. (ITAT Mumbai) In the case of ACIT Vs GM Modular Pvt. Ltd., the Mumbai Bench of the ITAT addressed multiple issues, including the disallowance of unverified purchases, employee contributions to PF/ESI, and additions based on search proceedings. The dispute over purchases from certain suppliers was a key aspect. The Assessing Officer (AO) disallowed these purchases due to a lack of e-way bills and inward watchman registers. However, the CIT(A) observed that the e-way bill requirement applied only after June 2018 and noted the absence of a statutory mandate for watchm...