https://www.taxtmi.com/caselaws?id=772603 ITAT Ahmedabad held that transactions between the assessee and AEL were genuine group transactions, not accommodation entries. The tribunal noted that PCIT had previously accepted similar transactions with AEL as genuine in related cases, including the assessee's own case for AY 2013-14 and another individual's case for AY 2012-13, both reopened under section 147 based on identical information. Since AEL was a group concern and the Revenue had consistently accepted such transactions as genuine in comparable cases, the tribunal deleted the addition made on account of alleged accommodation entries. en-us Wed, 04 Jun 2025 00:00:00 +0530 Wed, 11 Jun 2025 08:36:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=772603 ITAT Ahmedabad held that transactions between the assessee and AEL were genuine group transactions, not accommodation entries. The tribunal noted that PCIT had previously accepted similar transactions with AEL as genuine in related cases, including the assessee's own case for AY 2013-14 and another individual's case for AY 2012-13, both reopened under section 147 based on identical information. Since AEL was a group concern and the Revenue had consistently accepted such transactions as genuine in comparable cases, the tribunal deleted the addition made on account of alleged accommodation entries. Case-Laws Income Tax Wed, 04 Jun 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=772603