https://www.taxtmi.com/caselaws?id=387447 Assessment under tax law concerned allegation of generation of unaccounted money and its transfer as share capital, with revenue treating transactions as accommodation entries. The appellate authorities (CIT(A) and ITAT) found reliance on third-party statements and evidence insufficient to sustain additions and deleted the disputed additions, and the Supreme Court dismissed the SLP, leaving the appellate deletions intact. The legal effect is that uncorroborated third-party statements and failure to prove accommodation entries will not sustain additions in such assessments. en-us Mon, 05 Aug 2019 00:00:00 +0530 Fri, 30 Jan 2026 11:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=387447 Assessment under tax law concerned allegation of generation of unaccounted money and its transfer as share capital, with revenue treating transactions as accommodation entries. The appellate authorities (CIT(A) and ITAT) found reliance on third-party statements and evidence insufficient to sustain additions and deleted the disputed additions, and the Supreme Court dismissed the SLP, leaving the appellate deletions intact. The legal effect is that uncorroborated third-party statements and failure to prove accommodation entries will not sustain additions in such assessments. Case-Laws Income Tax Mon, 05 Aug 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=387447