ITAT Mumbai deletes Addition Over Denial of Cross-Examination in Accommodation Entry Case

ITO Vs Manju Diamonds Pvt. Ltd. (ITAT Mumbai) The present case concerns the reassessment of Manju Diamonds Pvt. Ltd. for the Assessment Year 2017–18. The assessee had filed its original return declaring a total income of ₹1,70,303, which was processed under Section 143(1) of the Income Tax Act. Subsequently, the Assessing Officer (AO) received information from the DCIT, Kolkata, originating from a search and seizure operation under Section 132 conducted on 27.05.2018 in the case of Shri Sushil Lahoti and associated entities. The information suggested that Mr. Lahoti controlled entities eng...