ITAT Deletes Rs 42.42 Lakh Tax Additions, Rejects Department’s Accommodation Entry Claim Over Refunded Business Advances:
ITAT deletes Rs 42.42 lakh tax additions, ruling that refunded business advances were genuine transactions, not accommodation entries.
ITAT Deletes Rs 42.42 Lakh Tax Additions
Vanshika verma
Aug 22, 2026
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ITAT Deletes Rs 42.42 Lakh Tax Additions, Rejects Department’s Accommodation Entry Claim Over Refunded Business Advances
ITAT deletes Rs 42.42 lakh tax additions, ruling that refunded business advances were genuine transactions, not accommodation entries.
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Vanshika verma
Content Writer
Vanshika Verma is a Content Writer with 1+ year of experience at Studycafe.in. A B.Com graduate from Delhi University, She writes articles on Finance, Tax, ICAI, GST, and the latest financial news, with a focus on making complex topics easy for readers and professionals.
Vanshika Verma is a Content Writer with 1+ year of experience at Studycafe.in. A B.Com graduate from Delhi University, She writes articles on Finance, Tax, ICAI, GST, and the latest financial news, with a focus on making complex topics easy for readers and professionals.
Studycafe
Delhi, Delhi, India
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