https://www.taxtmi.com/caselaws?id=347004 Accommodation entry and bogus bill income could not be conclusively computed on the existing estimates because the record lacked bank statements, books, and transaction details, while the available material from survey and connected-party evidence was insufficient for final taxation. The Tribunal therefore required coordinated enquiries from banks, beneficiaries, suppliers, and other agencies, and restored the income issue for de novo determination. Loss claims were also not verifiable in the absence of supporting evidence, and the assessee's non-cooperation prevented proper fact-finding; those issues too were remanded for fresh adjudication with opportunity to produce evidence and with liberty for the Revenue to verify the facts. en-us Wed, 23 Aug 2017 00:00:00 +0530 Sat, 26 Aug 2017 13:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=347004 Accommodation entry and bogus bill income could not be conclusively computed on the existing estimates because the record lacked bank statements, books, and transaction details, while the available material from survey and connected-party evidence was insufficient for final taxation. The Tribunal therefore required coordinated enquiries from banks, beneficiaries, suppliers, and other agencies, and restored the income issue for de novo determination. Loss claims were also not verifiable in the absence of supporting evidence, and the assessee's non-cooperation prevented proper fact-finding; those issues too were remanded for fresh adjudication with opportunity to produce evidence and with liberty for the Revenue to verify the facts. Case-Laws Income Tax Wed, 23 Aug 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=347004