https://www.taxtmi.com/caselaws?id=306047 The Tribunal dismissed the appeals, upholding the lower authorities' findings that the appellant provided accommodation entries, not traded diamonds. The Assessing Officer's assessment and additions were deemed justified, supported by evidence. The Tribunal rejected claims regarding commission income, book reliability, and expense disallowance, emphasizing the appellant's lack of verifiable evidence. Retraction statements were not accepted without proof of coercion. The Tribunal emphasized the need for incriminating evidence for block assessment under Section 153C. en-us Wed, 29 Dec 2021 00:00:00 +0530 Sat, 07 Jan 2023 08:47:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=306047 The Tribunal dismissed the appeals, upholding the lower authorities' findings that the appellant provided accommodation entries, not traded diamonds. The Assessing Officer's assessment and additions were deemed justified, supported by evidence. The Tribunal rejected claims regarding commission income, book reliability, and expense disallowance, emphasizing the appellant's lack of verifiable evidence. Retraction statements were not accepted without proof of coercion. The Tribunal emphasized the need for incriminating evidence for block assessment under Section 153C. Case-Laws Income Tax Wed, 29 Dec 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=306047