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2022 (2) TMI 281 - AT - Income TaxUnexplained cash credit u/s. 68 - disallowance of brokerage expenses and interest expenses paid for raising the aforesaid deposits - assessee submits that assessee is an accommodation entry provider - HELD THAT:- Co-ordinate bench of this Tribunal in assessee's own case [2017 (2) TMI 1419 - ITAT AHMEDABAD], wherein the co-ordinate Bench has allowed the addition @ 3% of the accommodation entry, as the income for the assessee. During the current year, the assessee is also carrying the same activity, therefore his case is squarely covered by the order of this co-ordinate bench (supra) We note that assessee has been carrying on same business and engaged in the same business activity. Therefore we are of the view that assessee's matter is squarely covered by the order of this Co-ordinate Bench of the Tribunal (supra) for AY 1995-96, wherein the issue in question has been decided on merits by treating assessee as an accommodation entry provider. We see no reason to take any other view of the matter than the view so taken by the Co-ordinate Bench of this Tribunal in assessee's own case - Thus we direct the Assessing Officer to treat @ 3% of accommodation entry, as the income of assessee.
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