No Independent Verification – Accommodation Entry Addition Unsustainable: ITAT Chandigarh

ITO Vs Saboo Tor Private Limited (ITAT Chandigarh) The appeal by the revenue concerned Assessment Year 2011–12 and challenged the deletion of an addition of Rs. 2.68 crore made as alleged accommodation entry. The Assessing Officer reopened the assessment after receiving information from the investigation wing that, during a search on the Indiabulls Group on 13 July 2016, it was found that group entities had allegedly taken bogus accommodation bills to book purchases. Sample invoices of suspicious entities lacked details such as material receipt stamps and internal verification, unlike those ...