https://www.taxtmi.com/caselaws?id=194010 The tribunal held that the Assessing Officer was not justified in reopening the assessment under section 148 of the Income-tax Act as the reasons provided did not indicate income escaping assessment due to accommodation entries. Citing a Delhi High Court judgment, the tribunal quashed the reassessment order, noting the lack of specific information suggesting the assessee's involvement in bogus claims or accommodation entries. Consequently, the addition of Rs. 4,01,000/- under section 68 was not addressed as the reassessment order was overturned in favor of the assessee. en-us Thu, 30 Dec 2010 00:00:00 +0530 Fri, 25 Aug 2017 18:02:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=194010 The tribunal held that the Assessing Officer was not justified in reopening the assessment under section 148 of the Income-tax Act as the reasons provided did not indicate income escaping assessment due to accommodation entries. Citing a Delhi High Court judgment, the tribunal quashed the reassessment order, noting the lack of specific information suggesting the assessee's involvement in bogus claims or accommodation entries. Consequently, the addition of Rs. 4,01,000/- under section 68 was not addressed as the reassessment order was overturned in favor of the assessee. Case-Laws Income Tax Thu, 30 Dec 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=194010