Reason for reassessment without application of mind if it not specifies that accommodation entries were taken or provided

Meta Plast Engineering P. Ltd. Vs ITO (ITAT Delhi)

Investigation Wing had not analyzed the transaction of the accommodation entries prior to the Asstt. Year 2005-06 whereas the present case pertains to the Assessment Year 2004-05. Even the order of the learned AO does not reveal that he had undertaken any such exercise before the recording of the reasons. The reasons recorded do not specify the other party, who either received or provided the accommodation entries and they also do not establish the involveme

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