Monday, May 6, 2019

Reassessment on basis of info. that bogus accommodation entries were received by way of share capital justified

IT: Where revenue received information from ACIT that during search conducted upon premises of one person, several information and evidences were found which showed that such person was engaged in providing bogus accommodation entries by way of share capital and assessee was also one of beneficiaries, impugned reassessment notice against assessee on basis of such information was justified

from www.taxmann.com Latest Case Laws http://bit.ly/2VEIWVl

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