Purchase treated as accommodation entries without considering documents – HC set-aside order

Majestic Handicraft Private Limited Vs DCIT (Delhi High Court) 

The principal allegation levelled against the petitioner is, that it is a beneficiary of accommodation entries provided by, one, Mr Sanjeev Sharma, proprietor of Balaji Enterprises and one, Mr Suresh Kumar, proprietor of Dev Sales Corporation.

Inter alia, the petitioner had submitted, that it is in the business of exporting readymade garments, which are sourced locally. It is asserted by the petitioner, that

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