https://www.taxtmi.com/caselaws?id=464728 ITAT DELHI-AT held that the AO conducted adequate inquiries and verifications regarding alleged bogus accommodation entries; mere assertion of a bogus transaction did not prove lack of inquiry. The AO's checks, show-cause notice and record demonstrated concrete verification and a plausible view based on materials and assessee's responses. PCIT failed to identify specific errors in the assessment. Following authoritative precedents, the Tribunal quashed the order passed under section 263 and allowed the assessee's appeal. en-us Wed, 12 Mar 2025 00:00:00 +0530 Tue, 11 Nov 2025 19:01:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=464728 ITAT DELHI-AT held that the AO conducted adequate inquiries and verifications regarding alleged bogus accommodation entries; mere assertion of a bogus transaction did not prove lack of inquiry. The AO's checks, show-cause notice and record demonstrated concrete verification and a plausible view based on materials and assessee's responses. PCIT failed to identify specific errors in the assessment. Following authoritative precedents, the Tribunal quashed the order passed under section 263 and allowed the assessee's appeal. Case-Laws Income Tax Wed, 12 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=464728