₹1 Cr Penny Stock Addition u/s 69A Deleted – Reopening Based on Borrowed Satisfaction & No Assessee-Specific Evidence: ITAT Ahmedabad

Nirman Vs DCIT (ITAT Ahmedabad)

₹1 Cr Penny Stock / Accommodation Entry Addition u/s 69A Deleted – Reopening Held Based on Borrowed Satisfaction & No Assessee-Specific Evidence – ITAT Ahmedabad

The AO reopened assessment alleging that the assessee received ₹1 crore accommodation entry linked to search proceedings against alleged entry operators. Addition u/s 69A was made based largely on investigation reports and general modus operandi without identifying specific transaction tra

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