2022 (12) TMI 1375

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....ed the following grounds of appeal:- I.T.A. No. 8517/DEL/2019 (A.Y 2012-13) "1. On the facts and in the circumstances of the case the Ld. CIT (A) has erred in deleting the protective addition of Rs. 49,00,000/- made on obtaining accommodation entries. 2. On the facts and in the circumstance of the case the Ld. CIT (A) has erred in deleting the protective addition of Rs. 2,80,00,000/- made on obtaining accommodation entries. 3. On the facts and in the circumstance of the case the Ld. CIT (A) has erred in deleting the protective addition of Rs. 4,93,02,817/- made on commission earned for providing accommodation entries. Assessee by Sh. Vivek Agarwal, Adv. I.T.A. No. 8517/DEL/2019 (A.Y 2013-14) "1. On ....

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....k Agarwal appeared for the assessee and submitted that the entire transaction of the assessee i.e. Pawansut Holding Ltd. has been controlled by Mr. Pradeep Kumar Jindal having PAN No. AAIPJ8526A and Mr. Pradeep Kumar Jindal has accepted that commission earned on accommodation entries given by the assessee as a part of taxable income of Mr. Pradeep Kumar Jindal in respect of the year under consideration. Further, the Ld. AR has produced the letter written by Mr. Pradeep Kumar Jindal which is reproduced hereunder:- 5. By considering the statement made by the Ld. A.R and also the letter of Sh. Pradeep Kumar Jindal filed by the Ld. A.R, wherein Shri. Pradeep Kumar Jindal has accepted that the commission earned on accommodation entries given ....

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....8427/8517/9834/DEL/2019 for the AY2012-13, AY2013-14 & AY2014-15 Aforesaid cases are listed for today i.e. 08/12/2022. During the last hearing on 5th December 2022, Hon'ble Bench has sought a reply from Shri Pradeep Kumar Jindal. In this connection, a reply from Shri Pradeep Kumar Jindal is enclosed for your kind perusal. In view of the above and findings of the Ld. CIT-Appeal, kindly adjudicate aforesaic cases. For Pawansut Holdings Ltd. (Counsell 1JAT ALL of the fundert Kidual areas AY12-13 AY 13-14 Ay 14-15 1/8288/PEZ/2018 TTA 8289/DEL 2018 174 B 8140/04/2018 PRADEEP KUMAR JINDAL, R/O H-1/1-A, MODEL TOWN PART-3.DELHI-10009 Honourable 'F' Bench Income Tax Appellate Tribunal Date:....