Assessee Must Present Beneficiaries to Verify Claim of Rotating Money for Accommodation Entries Under Scrutiny.

Unexplained advance - Assessee has to prove its claim that it has rotated money of the beneficiaries and provided accommodation entries to the beneficiaries against certain commission only. The assessee should produce those beneficiaries before the Assessing Officer in support of its claim of having engaged only in providing accommodation entries to the beneficiaries. .....

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