ITAT Upholds Deletion of Rs 5.61 Crore Addition as AO Failed to Independently Verify Alleged Accommodation Entries:
The ITAT has dismissed the Revenue's appeal and upheld the deletion of an addition of Rs5.61 crore made under Section 68 of the Income Tax Act.
Reliance on Investigation Wing Report Without Independent Enquiry Cannot Sustain Addition
Saima
Jul 9, 2026
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ITAT Upholds Deletion of Rs 5.61 Crore Addition as AO Failed to Independently Verify Alleged Accommodation Entries
The ITAT has dismissed the Revenue's appeal and upheld the deletion of an addition of Rs5.61 crore made under Section 68 of the Income Tax Act.
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About Author
Saima
Content Writer
Saima is a Law graduate with a passion for research and content writing. She writes for Finance, Taxation and Legal Updates at Studycafe.in, simplifying complex legal decisions by the ITAT, High Court, AAR and GSTAT into uncomplicated and clear explanations.
Saima is a Law graduate with a passion for research and content writing. She writes for Finance, Taxation and Legal Updates at Studycafe.in, simplifying complex legal decisions by the ITAT, High Court, AAR and GSTAT into uncomplicated and clear explanations.
StudyCafe
Delhi, Delhi, India
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