https://www.taxtmi.com/caselaws?id=372359 The Tribunal upheld the reassessment proceedings for the Assessment Year 2007-08, supporting the jurisdiction of reassessment based on tangible material linking the assessee to an accommodation entry provider. Despite challenges to the validity of purchases from M/s Mohit international, the Tribunal found support for the transactions through bills and cheque payments. The delay in filing the appeal was condoned due to valid reasons, and the reassessment based on a third-party statement was upheld. The Tribunal allowed the appeal in part, reversing the addition of gross profit but upholding the commission addition. en-us Wed, 14 Nov 2018 00:00:00 +0530 Fri, 21 Dec 2018 07:08:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=372359 The Tribunal upheld the reassessment proceedings for the Assessment Year 2007-08, supporting the jurisdiction of reassessment based on tangible material linking the assessee to an accommodation entry provider. Despite challenges to the validity of purchases from M/s Mohit international, the Tribunal found support for the transactions through bills and cheque payments. The delay in filing the appeal was condoned due to valid reasons, and the reassessment based on a third-party statement was upheld. The Tribunal allowed the appeal in part, reversing the addition of gross profit but upholding the commission addition. Case-Laws Income Tax Wed, 14 Nov 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=372359