Accommodation entries - if the shares were of some fictitious ...

Genuine Transactions Confirmed: Shares of Unlisted Fictitious Company Not Transferred to Demat Account, No Adverse Inference Needed.

April 20, 2017

Case Laws Income Tax AT

Accommodation entries - if the shares were of some fictitious company which was not listed in the Bombay Stock Exchange/National Stock Exchange, the shares could never have been transferred to demat account. Shri Mukesh Choksi may have been providing accommodation entries to various persons but so far as the facts of the case in hand suggest that the transactions were genuine and therefore, no adverse inference should be drawn. - AT

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Accommodation entries - if the shares were of some fictitious ...

Genuine Transactions Confirmed: Shares of Unlisted Fictitious Company Not Transferred to Demat Account, No Adverse Inference Needed.

April 20, 2017

Case Laws Income Tax AT

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