Alleged accommodation entries not entered by assessee hence revenue’s appeal dismissed

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 ...