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, 2026
Premium
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.
Also Read
CA’s Spouse Undergoing Cancer Treatment Causes 24-Day Delay; ITAT Condones Delay, Restores Trust’s Section 12AB ApplicationITAT Rules Assessee’s Explanation and Ledger Records Establish Actual PaymentsITAT Sets Aside CIT(A) Relief in Rs 3.33 Crore Tax Case, Directs Fresh Examination of Flat Cancellation, Write-Off and Interest ClaimsITAT Upholds BSNL VRS Tax Relief, Applies Rs 25 Lakh Leave Encashment Limit Retrospectively
About Author
Meetu Kumari
Content Manager
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.
Studycafe
Jodhpur, Rajasthan, India
2264My Recent Articles
- ITAT Condones 302-Day Delay, Restores Salary Assessment for Fresh VerificationPremium
- ITAT Condones Delay After Tax Consultant's Death, Restores Appeals for Fresh HearingPremium
- ITAT Remands Salary Addition, Says Taxability Depends on Salary Becoming Due, Not Mere ReceiptPremium
- ITAT Deletes TP Royalty Adjustment, Orders Fresh Review of Commission BenchmarkingPremium
- ITAT Quashes Reassessment Over Unsigned Section 148 Notice Issued to AssesseePremium
Up Next
Loading suggestions…
Recent Posts
All Posts
Recent Posts
All Posts