Punjab & Haryana HC Upholds charging 3% on Total Turnover of Assessee providing Accommodation Entries to Dealers to Reduce Tax Liabilities [Read Order]

By Taxscan Team - On June 10, 2022 2:43 pm - 2 mins read
Punjab & Haryana HC - Assessee - Accommodation Entries - Tax Liabilities - Taxscan

The division bench of Punjab and Haryana has upholds charging 3% on total turnover of assessee, who provides accommodation entries to dealers to reduce tax liabilities. The appellant, Anil Kumar, is engaged in the business of trading as a wholesaler. During the scrutiny proceedings, upon perusal of the bank accounts AO noticed that the appellant…

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