Income from Accommodation Entries Restricted to 8% on Estimation Basis

Sh. Purushttam Lal Soni Vs ACIT (ITAT Delhi) 153A Additions Upheld on Seized Electronic Data, But Income Restricted to 8% on Accommodation Entries Delhi Bench of the ITAT partly allowed the Assessee’s appeals arising from search assessments u/s 153A r.w.s. 143(3). The Tribunal rejected the Assessee’s core jurisdictional challenge based on Kabul Chawla, holding that substantial incriminating electronic material in the form of seized hard disks and Tally data was found during search, attracting the presumption u/s 292C. The plea of inadmissibility of electronic evidence for want of Section 6...