Tuesday, 1 December 2015

Credit entry in bank couldn't be held as unexplained if it wasn't related to accommodation entry une

IT : Where Assessing Officer as a result of search conducted under section 132 on one 'F', who was engaged in providing accommodation book entries to assessee, passed block assessment order on assessee and added credit entries found in bank account of assessee on ground that said entries were not explained by assessee, impugned addition on above ground was not justified

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