ITAT: Entire Bogus Billing Bank Credits Cannot Be Taxed as Income:
The ITAT rules only commission or profit from accommodation entries is taxable, not gross bank credits.
Tribunal remands case, holds only profit element taxable in bogus billing.
Meetu Kumari
Jul 9, 2026Premium
ITAT: Entire Bogus Billing Bank Credits Cannot Be Taxed as Income
The ITAT rules only commission or profit from accommodation entries is taxable, not gross bank credits.
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Meetu Kumari
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Meetu Kumari is an Experienced Advocate and Content Writer with 4+ years of demonstrated history of working in the law practice industry. Skilled in Developing Content, Researching, and Drafting. Strong professional with a Bachelor of Science (B.Sc.) focused on Law from Gujarat National Law University.
Meetu Kumari is an Experienced Advocate and Content Writer with 4+ years of demonstrated history of working in the law practice industry. Skilled in Developing Content, Researching, and Drafting. Strong professional with a Bachelor of Science (B.Sc.) focused on Law from Gujarat National Law University.
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Jodhpur, Rajasthan, India
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