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Income Tax - Highlights / Catch Notes

Home Highlights August 2015 Year 2015 This

Bogus accommodation entry - since the assessee has never ...


Court Rules Sham Sale Agreement Invalid; Earnest Money Forfeiture Not Applicable for Bogus Accommodation Entry Case.

August 24, 2015

Case Laws     Income Tax     AT

Bogus accommodation entry - since the assessee has never rescinded the agreement the question of forfeiting the earnest money does not arise - the agreement of sale in question is proved to be a sham transaction having been prepared to provide accommodation entry - AT

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