2024 (2) TMI 1604

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.... Adv., Mr. Tilak Mitra, Adv. For the Respondent : Mr. Saurabh Bagaria, Adv., Mr. Rites Goel, Adv. ORDER The Court : We have heard Mr. Prithu Dudhoria, learned standing Counsel appearing for the appellant and Mr. Saurabh Bagaria, learned Counsel for the respondent/assessee. 2. This appeal filed by the revenue under Section 260A of the Income Tax Act, 1961 (the Act) is directed against t....

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....ppellate Tribunal was justified in law in not considering the direct and circumstantial evidences got on record by the assessing officer to establish that the assessee had indulged in accommodation entry in the guise of interest to the tune of Rs. 52,14,990/- accrued on unsecured loan to the tune of Rs. 4,99,50,000/- with a view to plough back its unaccounted money without paying legitim....