https://www.taxtmi.com/caselaws?id=188237 The High Court upheld the Tribunal's decision to reopen the assessment of the assessee for the assessment year 1997-98 under sections 147/148 of the IT Act, 1961. The Court found that the statement alleging accommodation entries from a front company was not specific enough and did not provide conclusive evidence. As the assessee was not given an opportunity to cross-examine the individual making the statement, the Court dismissed the appeal, emphasizing the importance of clear and specific evidence in such cases to ensure fair proceedings. en-us Thu, 22 Nov 2007 00:00:00 +0530 Tue, 22 Nov 2016 17:50:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=188237 The High Court upheld the Tribunal's decision to reopen the assessment of the assessee for the assessment year 1997-98 under sections 147/148 of the IT Act, 1961. The Court found that the statement alleging accommodation entries from a front company was not specific enough and did not provide conclusive evidence. As the assessee was not given an opportunity to cross-examine the individual making the statement, the Court dismissed the appeal, emphasizing the importance of clear and specific evidence in such cases to ensure fair proceedings. Case-Laws Income Tax Thu, 22 Nov 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=188237