[aaykarbhavan] Re-assessment notice was valid as accommodation entries to assessee were confirmed by a CA’s confession

Re-assessment notice was valid as accommodation entries to assessee were confirmed by a CA's confession

April 28, 2014[2014] 44 taxmann.com 230 (Allahabad)

IT : Where Assessing Officer had reopened assessment of assessee-company plea that it had arranged accommodation entries from four bogus companies created by a Chartered Accountant in lieu of cash deposits of equal amount plus premium which were not disclosed to department, notice for reopening assessment proceedings was valid

 

Regards

Prarthana Jalan

__._,_.___

receive alert on mobile, subscribe to SMS Channel named "aaykarbhavan"
[COST FREE]
SEND "on aaykarbhavan" TO 9870807070 FROM YOUR MOBILE.

To receive the mails from this group send message to aaykarbhavan-subscribe@yahoogroups.com

Visit Your Group

• New Members 1

• Privacy • Unsubscribe • Terms of Use