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2017 (11) TMI 576 - HC - Income TaxAddition on account of bogus payment for purchasing land - addition being commission paid for giving accommodation entries - Held that:- The question which has been posed for our consideration is whether the tribunal is justified in deleting the additions which was made by AO as well as CIT(A) being commission paid by it to M/s. Mrigiya Electronics Industries Pvt. Ltd. for giving accommodation entries was justified when the company was involved in providing accommodation entries after charging commission for the same. In view of the observations that the price of the land was paid with other entry in the bank and there is nothing to show that cash receipt was shown by the assessee. Thus we are in complete agreement with the view taken by the CIT(A) and Tribunal. No case is made out for interference. The issues are answered in favour of the assessee and against the department.
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