https://www.taxtmi.com/caselaws?id=358287 Genuineness of an alleged jewellery sale was not established on the material before the Tribunal, so the transaction required fresh verification by the Assessing Officer with production of the jeweller, books of account, and relevant details. The matter was therefore remitted for de novo examination of whether the cheque receipts reflected a real sale or an accommodation entry. The assessee's cross objection against reopening under reassessment provisions was not entertained because it fell outside the scope of the remand and the reopening issue had already attained finality. The reassessment challenge was dismissed. en-us Wed, 04 Apr 2018 00:00:00 +0530 Mon, 09 Apr 2018 07:46:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=358287 Genuineness of an alleged jewellery sale was not established on the material before the Tribunal, so the transaction required fresh verification by the Assessing Officer with production of the jeweller, books of account, and relevant details. The matter was therefore remitted for de novo examination of whether the cheque receipts reflected a real sale or an accommodation entry. The assessee's cross objection against reopening under reassessment provisions was not entertained because it fell outside the scope of the remand and the reopening issue had already attained finality. The reassessment challenge was dismissed. Case-Laws Income Tax Wed, 04 Apr 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=358287