https://www.taxtmi.com/caselaws?id=778403 ITAT held that the reassessment was valid: information from DDIT(Inv.) established the assessee acted as a conduit for accommodation entries via bank transfers, without delivery of goods or services and with no economic rationale. Large-volume credits were immediately routed out, indicating transactions were executed for commission rather than genuine business. The assessee failed to explain its business or the purpose of debits. The tribunal concluded transactions were not bona fide business receipts and dismissed the appeal. en-us Wed, 27 Aug 2025 00:00:00 +0530 Tue, 16 Sep 2025 09:02:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=778403 ITAT held that the reassessment was valid: information from DDIT(Inv.) established the assessee acted as a conduit for accommodation entries via bank transfers, without delivery of goods or services and with no economic rationale. Large-volume credits were immediately routed out, indicating transactions were executed for commission rather than genuine business. The assessee failed to explain its business or the purpose of debits. The tribunal concluded transactions were not bona fide business receipts and dismissed the appeal. Case-Laws Income Tax Wed, 27 Aug 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=778403