https://www.taxtmi.com/caselaws?id=792073 An addition for alleged accommodation entry from a third party could not be sustained where the assessee denied any purchase or sale transaction, explained the receipts as recovery of earlier dues, and supported that position with ledger material not effectively rebutted by the Revenue. The addition, based mainly on investigation information and a third-party statement, failed because the Revenue did not factually establish receipt of accommodation entry with corroborative evidence. The absence of supply of the third-party statement and denial of cross-examination also offended natural justice. On that basis, the addition was deleted. en-us Wed, 20 May 2026 00:00:00 +0530 Fri, 22 May 2026 07:06:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=792073 An addition for alleged accommodation entry from a third party could not be sustained where the assessee denied any purchase or sale transaction, explained the receipts as recovery of earlier dues, and supported that position with ledger material not effectively rebutted by the Revenue. The addition, based mainly on investigation information and a third-party statement, failed because the Revenue did not factually establish receipt of accommodation entry with corroborative evidence. The absence of supply of the third-party statement and denial of cross-examination also offended natural justice. On that basis, the addition was deleted. Case-Laws Income Tax Wed, 20 May 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=792073