Reopening based on accommodation entry info from Income Tax Investigation Wing is Valid

DCIT Vs. M/s. Erawat Infotech Pvt.Ltd. (ITAT Delhi)

In the instant case, the information is specific having detail of value of the amount of accommodation entry taken, the instrument and date through which entry was taken, name and account number of the entry provider were available before the Assessing Officer and thus we cannot hold the information was vague. Further, the Hon’ble Delhi High Court in the case of PCIT Vs Paramount Communication Private Limited (supra), after considering various decisions held that th

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