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ITAT Remands Case as CIT(A) Ignored Survey Findings on Accommodation Entries
Case Law Details
- Case Name
- ITO-4(3)(1) Vs NIBR Bullion Pvt. Ltd. (ITAT Mumbai)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2014-15
- Courts
- All ITAT, ITAT Mumbai
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ITO-4(3)(1) Vs NIBR Bullion Pvt. Ltd. (ITAT Mumbai)
ITAT sets aside CIT(A) order for improper evaluation of evidence and remands and restores the matter
Summary: In , the Income Tax Appellate Tribunal set aside the order of the Commissioner of Income Tax (Appeals) in the case of ITO-4(3)(1) Vs NIBR Bullion Pvt. Ltd. and restored the matter to the Assessing Officer for fresh adjudication. The dispute arose from transactions between the assessee and M/s Swastic Corporation, where a survey under Section 133A revealed that the proprietor, Shri Bijal Ashok Shah, had admitted to pro...






