In absence of information to treat a Transaction as bogus same are to be accepted as Genuine Transactions

Smt. Sarita Devi Vs Income Tax Officer (ITAT Hyderabad)  We have considered the rival contentions and carefully perused the evidence placed on record and orders of the authorities. It was admitted by the order of AO and CIT(A) that some communication was received from CCIT, Mumbai that Mr. Chokshi has given a statement that he has provided accommodation entries. How those statements are relevant to the assessee or whether any transactions of the assessees were specifically stated is not forthcoming either from the orders of the authorities or from the documents furnished before us. In fact, n...