Commission charged by AO considering Market Trend in Providing Accommodation Entries, not on Ad-Hoc basis: ITAT confirms Addition [Read Order]

Commission charged - considering Market Trend - Providing Accommodation Entries - ITAT Confirms Addition - Ad-Hoc basis - ITAT News - Income Tax News - Tax News - TAXSCAN

The Delhi Bench of Income Tax Appellate Tribunal (ITAT) has confirmed the addition as the commission charged by Assessing Officer (AO) was considering the market trend in providing accommodation entries and not on an ad-hoc basis. The assessee, OPG Securities Pvt. Ltd. was a private limited company incorporated under the Companies Act, 1956, a registered…

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