https://www.taxtmi.com/caselaws?id=287739 The High Court directed a reexamination of the genuineness of sale transactions involving accommodation entries in the guise of jewelry sales. Despite the CIT(A) deleting the additions, the Tribunal emphasized the need for a thorough investigation due to contradictions in evidence. The Tribunal ordered the matter to be sent back to the Assessing Officer for further scrutiny, including verifying stock entries and purchaser's accounts. The Tribunal allowed the Revenue's appeal for statistical purposes, stressing the importance of detailed examination and adherence to court directives in determining the authenticity of transactions. en-us Thu, 19 Jan 2017 00:00:00 +0530 Thu, 30 Apr 2020 10:23:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=287739 The High Court directed a reexamination of the genuineness of sale transactions involving accommodation entries in the guise of jewelry sales. Despite the CIT(A) deleting the additions, the Tribunal emphasized the need for a thorough investigation due to contradictions in evidence. The Tribunal ordered the matter to be sent back to the Assessing Officer for further scrutiny, including verifying stock entries and purchaser's accounts. The Tribunal allowed the Revenue's appeal for statistical purposes, stressing the importance of detailed examination and adherence to court directives in determining the authenticity of transactions. Case-Laws Income Tax Thu, 19 Jan 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=287739