Accommodation Entry Allegation Rejected Due to Proper Documentation

ACIT Vs Yatindra Satish Pairaikar (ITAT Mumbai)

Section 68 Can’t Survive on Investigation Report Alone: Cheque Loans, Confirmations & Repayments Trump “Accommodation Entry” Tag

Revenue reopened assessments alleging that Assessee was beneficiary of bogus unsecured loans from M/s Naman Exports & M/s Meridian Gems, solely based on Investigation Wing report branding them as accommodation entry providers. AO, despite issuing notices u/s 133(6) & receiving confirmations, bank statements, audited

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