This is premium content. Please become a Premium member. If you are already a member, login here to access the full content.
Bogus Entry Addition Deleted: ITAT Voids ₹78 Lakh Addition U/S 68 Due to Genuineness Established in Precedent Cases
Case Law Details
- Case Name
- Shivkripa Devcons Private Limited Vs ITO (ITAT Indore)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2013-14
- Courts
- All ITAT, ITAT Indore
Upgrade to Basic or Premium to download.
Already Upgraded? Log in.
Shivkripa Devcons Private Limited Vs ITO (ITAT Indore)
Bogus Entry Theory Collapses – ITAT Deletes ₹78 Lakh Addition u/s 68- Once Genuineness Established in Earlier Cases, 68 Addition Can’t Survive – ITAT Indore Rules
Assessee filed its original return declaring ₹49,570. Based on information from the Investigation Wing, the Department found that Assessee had received ₹78,00,000 as accommodation entries from M/s Jay Jyoti India Pvt. Ltd. (₹70L) & M/s Jayant Securities Pvt. Ltd. (₹8L), both allegedly controlled by Sharad Darak group. The case was reopened u/s 147 after recor...
Author Info
