The High Court of Bombay recently ruled that in the Accommodation Entry Business, entire deposits cannot be assessed as unexplained cash credits. The Assessee, Alag Securities Pvt. Ltd is engaged in the business of providing accommodation entries to entry seekers. During the assessment proceedings, AO held that the identity of the parties involved in the […]
from Taxscan | Simplifying Tax Laws https://ift.tt/3d3XnXu
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