Addition for Accommodation Entry not sustainable if no Adverse Finding by AO

DCIT Vs Jaguar Buildcon Pvt. Ltd. (ITAT Delhi) We find that there is no dispute that the assessee has received share application money from six companies, out of which, from three companies assessee has received premium for sums aggregating to Rs.103,80,00,000/-. In the case of Ganesh Buildcon Pvt. Ltd., Feelgood Creation Pvt. Ltd., and Beyond Management Pvt. Ltd. from whom the assessee has received share application money of Rs.1,79,60,000/- Rs.1,34,70,000/- and Rs.1,34,70,000/-, respectively has been accepted to be genuine. Assessing Officer has only disputed the other three companies as dis...