https://www.taxtmi.com/caselaws?id=764628 ITAT Delhi allowed the assessee's appeal and quashed the revision order u/s 263. The Pr. CIT had set aside the AO's assessment regarding alleged accommodation entries of INR 14,00,000 from two companies. The assessee categorically denied receiving any credits from the alleged accommodation entry providers and furnished an affidavit confirming no receipt of the disputed amount. The Tribunal held that the Pr. CIT mechanically set aside the AO's quasi-judicial function without bringing relevant facts before the assessee, finding no error in the original assessment order. en-us Fri, 20 Dec 2024 00:00:00 +0530 Wed, 15 Jan 2025 07:36:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=764628 ITAT Delhi allowed the assessee's appeal and quashed the revision order u/s 263. The Pr. CIT had set aside the AO's assessment regarding alleged accommodation entries of INR 14,00,000 from two companies. The assessee categorically denied receiving any credits from the alleged accommodation entry providers and furnished an affidavit confirming no receipt of the disputed amount. The Tribunal held that the Pr. CIT mechanically set aside the AO's quasi-judicial function without bringing relevant facts before the assessee, finding no error in the original assessment order. Case-Laws Income Tax Fri, 20 Dec 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=764628