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2022 (12) TMI 1375 - AT - Income TaxAddition u/s 68 - protective addition made on account of providing accommodation entries of exempt LTCG - protective addition made on account of commission earned for providing accommodation entries - assessee submitted that the entire transaction of the assessee i.e. Pawansut Holding Ltd. has been controlled by Mr. Pradeep Kumar Jindal and Mr. Pradeep Kumar Jindal has accepted that commission earned on accommodation entries given by the assessee as a part of taxable income of Mr. Pradeep Kumar Jindal in respect of the year under consideration - HELD THAT:- By considering the statement made by the Ld. A.R and also the letter of Sh. Pradeep Kumar Jindal filed by the Ld. A.R, wherein Shri. Pradeep Kumar Jindal has accepted that the commission earned on accommodation entries given by the assessee as a part of his income in respect of the year under consideration and the issue will be adjudicated in the appeals filed by Shri Pradeep Kumar Jindal we inclined to dismiss the appeal filed by the Revenue. Accordingly, the appeals filed by the Revenue are dismissed. However, in the event of any deletion in the hands of Shri Pradeep Kumar Jindal, wherein the substantial addition were made, the Revenue shall have liberty to take further steps against the assessee herein in accordance with law.
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