https://www.taxtmi.com/caselaws?id=389694 The Tribunal confirmed the CIT(A)'s decision to uphold the addition of full value of sale proceeds, including long term capital gain, as accommodation entry based on the statement of Mukesh M Chokshi. The appeals by the assessee were dismissed as the entities involved were found to be engaged in providing accommodation entries and not genuine business transactions, with the appellant failing to prove the credit worthiness of the creditor. The Tribunal found no evidence to challenge the lower authorities' conclusions, leading to the dismissal of the appeals on 14/11/2019. en-us Thu, 14 Nov 2019 00:00:00 +0530 Sat, 14 Dec 2019 14:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=389694 The Tribunal confirmed the CIT(A)'s decision to uphold the addition of full value of sale proceeds, including long term capital gain, as accommodation entry based on the statement of Mukesh M Chokshi. The appeals by the assessee were dismissed as the entities involved were found to be engaged in providing accommodation entries and not genuine business transactions, with the appellant failing to prove the credit worthiness of the creditor. The Tribunal found no evidence to challenge the lower authorities' conclusions, leading to the dismissal of the appeals on 14/11/2019. Case-Laws Income Tax Thu, 14 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=389694