https://www.taxtmi.com/caselaws?id=329597 The court dismissed the petition challenging the re-opening of assessment, upholding the validity of the notice issued by the Assessing Officer. The court found that the reasons recorded for re-opening the assessment, including evidence of accommodation entries received by the petitioner, sufficiently indicated how income chargeable to tax had escaped assessment. The assessment would proceed based on the material available on record, as per the court's decision. en-us Tue, 28 Jun 2016 00:00:00 +0530 Wed, 06 Jul 2016 04:04:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=329597 The court dismissed the petition challenging the re-opening of assessment, upholding the validity of the notice issued by the Assessing Officer. The court found that the reasons recorded for re-opening the assessment, including evidence of accommodation entries received by the petitioner, sufficiently indicated how income chargeable to tax had escaped assessment. The assessment would proceed based on the material available on record, as per the court's decision. Case-Laws Income Tax Tue, 28 Jun 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=329597