https://www.taxtmi.com/highlights?id=57633 Reopening of assessment u/s 147 - Sham transaction - accommodation entries - during the search directors of the company admitted of providing accommodation entry, which statement was not denied by the assessee except by making a bald statement that the statement given by the directors are general in nature. The ld. CIT(A) has made detailed analysis of the material available on record and justified the action of the AO in making the impugned order. - AT en-us Fri, 16 Apr 2021 22:42:28 +0530 Fri, 16 Apr 2021 22:42:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=57633 Reopening of assessment u/s 147 - Sham transaction - accommodation entries - during the search directors of the company admitted of providing accommodation entry, which statement was not denied by the assessee except by making a bald statement that the statement given by the directors are general in nature. The ld. CIT(A) has made detailed analysis of the material available on record and justified the action of the AO in making the impugned order. - AT Highlights Income Tax Fri, 16 Apr 2021 22:42:28 +0530 https://www.taxtmi.com/highlights?id=57633