Paper Companies, Real Tax – Entry Operators Beware – Tribunal Clears Path for 100% Additions

Edynamics Solutions Limited Vs Assessing Officer (ITAT Delhi) Paper Companies, Real Tax – Entry Operators Beware – Tribunal Clears Path for 100% Additions- 2% Commission Theory Rejected: ITAT Endorses Substantial Tax on Bogus Entries Delhi Tribunal dismissed the appeal of Assessee by upholding CIT(A)’s finding that the company was merely a facilitator of accommodation entries with no genuine business activity. Tribunal affirmed taxation of large-scale banking transactions routed through the assessee’s accounts. Background Assessee filed return on 28.03.2013 declaring ₹5.25 lakh....