Accommodation Entries as Unaccounted Money – HC dismisses Writ petition

Dinesh Kumar Goyal Vs ITO (High Court of Calcutta) Calcutta High Court in the case of Dinesh Kumar Goyal Vs ITO dismisses writ petition which challenges an order under Section 148A(d) of the Income Tax Act, 1961, relating to assessment year 2014-15. The court dismisses the petition which was filed against assessing officer’s findings of unaccounted money through accommodation entries but allows the petitioner to raise all points before the assessing officer during the subsequent proceedings under Section 148A(d) of the Act. The judgment/order highlights that the findings of the assessing...