https://www.taxtmi.com/caselaws?id=218880 HC held reassessment proceedings invalid where the reasons to reopen-belief of unexplained share capital based on accepted accommodation entries-were not sustainable and the Tribunal deleted the related additions. Because the foundational grounds for reopening no longer existed and no ultimate additions were sustained on that basis, the AO could not make additions for other items that were not part of the original reasons to believe. Decision rendered in favour of the assessee. en-us Thu, 28 Jul 2011 00:00:00 +0530 Fri, 19 Sep 2025 15:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=218880 HC held reassessment proceedings invalid where the reasons to reopen-belief of unexplained share capital based on accepted accommodation entries-were not sustainable and the Tribunal deleted the related additions. Because the foundational grounds for reopening no longer existed and no ultimate additions were sustained on that basis, the AO could not make additions for other items that were not part of the original reasons to believe. Decision rendered in favour of the assessee. Case-Laws Income Tax Thu, 28 Jul 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=218880