genuine
LTCG/STCG M/s. Arch Pharmalab Ltd. has availed financial
accommodation entries for obtaining bogus long term capital gains
on various shares This entry ... genuine
LTCG/STCG M/s. Arch Pharmalab Ltd. has availed financial
accommodation entries for obtaining bogus long term capital
gains on various shares. This entry
said alleged
lenders who had informed that the assessee had availed of
accommodation entries. Therefore, the action of the AO of making the
said addition ... availed of accommodation entries from the certain entry operators. In
that case also the Name, address and PAN, ITR Acknowledgment,
Financial statements
Officer
received information that the assessee is a beneficiary of
accommodation entries during the financial year 2008-09 through
the concerns managed by 'Shri ... information available on record shows that the assessee is beneficiary
of accommodation entry in respect of unsecured loan from the following parties
ITA No. 1484
Director General IT (Investigation) that
assessee had got accommodation bills from various parties for various
vario
financial years including ... that it has been engaged in bogus purchase activity, i.e. taking
accommodation entries from bogus companies/concerns. The assessee
was found to be beneficiary
engaged in business of importing on behalf of others
and providing accommodation entries for bogus loans/sales/
purchase etc. to various beneficiaries ... conclude
that the assessee is a dummy entity being used for providing
accommodation entries by the Bhanwarlal Jain Group
SGIL admitted the fact of providing accommodation entry to M/s
(i.e. the assessee) in the financial year
Rajwest power private limited ... assessee sought of copy of entire documents related to acceptance
of accommodation entry by SGIL along with cross-examination
cross of
the contractor SGIL
Assessee herein, may be arranged for accommodation entry purposes.
7. The Assessing Officer further, analyzed the financial of the investee
companies which had invested
from whom the assessee has shown financial transaction is hawala party who
have been doing business of providing accommodation entries the assessee has
engaged ... held to be an
accommodation entry provider in their own case, cast doubt on the
genuineness of the transaction. Further, financial position
Investigation), Mumbai that assessee had taken accommodation entries from a
transactions with Bhanwarlal Jain Group (who are entry/Accommodation bill
providers ... 1981/Mum/2021- Ratan & Co.
facilitation of fraudulent financial transactions which includes providing
accommodation entries in the form of unsecured loans to the interest
used for the purpose of
providing bogus accommodation entry only.
ii. Analysis of the Financial Statements of the com-an M/s Ja
shree Finvest ... accommodation entry in the form of bogus loan.
v. Analysis of the Financial Statements of the M/s. Commercial
Vyyapar Pvt. Ltd.,
a) The financial
