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ITAT Ahmedabad Deletes Section 68 Addition on Alleged Accommodation Sales

Case Law Details

Case Name : Vikramkumar Kishanlal Mehta Vs DCIT (ITAT Ahmedabad)
Related Assessment Year : 2018-19
Courts : All ITAT ITAT Ahmedabad
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Vikramkumar Kishanlal Mehta Vs DCIT (ITAT Ahmedabad)

ITAT Ahmedabad Deletes Section 68 Addition on Alleged Accommodation Sales; Entire Turnover Cannot Be Taxed When Purchases Are Undisputed

The Ahmedabad Bench of the ITAT partly allowed the assessee’s appeal for AY 2018-19, deleting a major addition of ₹4.34 crore made under section 68 read with section 115BBE on account of alleged accommodation entries with Please become a Premium member. If you are already a Premium member, login here to access the full content.

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Name: CA Vijayakumar Shetty
Qualification: CA in Practice
Company: Shetty & Co, Chartered Accountants, Mangalore
Location: Mangalore, Karnataka, India
Member Since: 17 Feb 2018 | Total Posts: 4550
CA Vijayakumar Shetty qualified in 1994 and in practice since then. Founding partner of Shetty & Co. He is a graduate from St Aloysius College, Mangalore . View Full Profile

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