INCOME TAX : Where Assessing officer sought to reopen assessment in case of assessee company on ground that it had taken accommodation entries from company SCL which was a bogus company, however, assessee filed its objections stating that it had entered into transactions of purchase with SCL and had cleared outstanding amounts in next year and also submitted ledger account of SCL maintained in its books of account in support of such claim,INCOME TAX : Where Assessing officer sought to reopen assessment in case of assessee company on ground that it had taken accommodation entries from company SCL which was a bogus company, however, assessee filed its objections stating that it had entered into transactions of purchase with SCL and had cleared outstanding amounts in next year and also submitted ledger account of SCL maintained in its books of account in support of such claim,www.taxmann.com Latest Case LawsRead More
