https://www.taxtmi.com/caselaws?id=752161 ITAT Mumbai ruled in favor of the assessee in a case involving bogus accommodation entry bills. The court deleted additions made on protective basis, holding that CIT(A) must decide issues definitively rather than keeping additions protective. The tribunal also deleted additions for trading profits at 8.05% of turnover and trade payables under section 68, finding these unjustified when commission income from bogus entries was already assessed. Additionally, CIT(A)'s enhancement of commission income under section 251(2) was struck down for violating procedural requirements by not providing proper show cause notice to the assessee. en-us Thu, 25 Apr 2024 00:00:00 +0530 Fri, 03 May 2024 07:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=752161 ITAT Mumbai ruled in favor of the assessee in a case involving bogus accommodation entry bills. The court deleted additions made on protective basis, holding that CIT(A) must decide issues definitively rather than keeping additions protective. The tribunal also deleted additions for trading profits at 8.05% of turnover and trade payables under section 68, finding these unjustified when commission income from bogus entries was already assessed. Additionally, CIT(A)'s enhancement of commission income under section 251(2) was struck down for violating procedural requirements by not providing proper show cause notice to the assessee. Case-Laws Income Tax Thu, 25 Apr 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=752161