Assessee has taken accomodation entry of Rs. 65478799/- through the
Penny Stock of Achal Investment Ltd.
1. The Modus Operandi (MO) of the whole operation ... credible information available with
the Department that the assessee has taken accomodation entry of Rs.
65478799/- through the Penny Stock of Achal Investment Ltd. During
another
notice, also provided its response in respect of the alleged accomodation
entries, which were reported by the Investigation Wing. However, the
objections filed
that the
department is in possessing of the information
regarding such accomodation entry in form of LTCG
arranged by the assessee from the Kolkata based
shell company and permit its beneficiaries
to get an alleged accomodation entry in its books. The ITAT erred in not
appreciating the case
shell company and permit its beneficiaries
to get an alleged accomodation entry in its books. The ITAT erred in not
appreciating the case
shell company and permit its beneficiaries
to get an alleged accomodation entry in its books. The ITAT erred in not
appreciating the case
shell company and permit its beneficiaries
to get an alleged accomodation entry in its books. The ITAT erred in not
appreciating the case
shell company and permit its beneficiaries
to get an alleged accomodation entry in its books. The ITAT erred in not
appreciating the case
shell company and permit its beneficiaries
to get an alleged accomodation entry in its books. The ITAT erred in not
appreciating the case
shell company and permit its beneficiaries
to get an alleged accomodation entry in its books. The ITAT erred in not
appreciating the case
