https://www.taxtmi.com/caselaws?id=373831 The Tribunal dismissed all appeals, upholding the Commissioner of Income Tax's jurisdiction under Section 263. It found the Assessing Officer's failure to conduct adequate inquiries and consider seized material rendered the assessment orders erroneous. The Tribunal also upheld the validity of reassessment proceedings under Section 147, based on specific information indicating the assessee's involvement in accommodation entries. The Tribunal rejected claims of borrowed satisfaction, affirming the reopening was justified. en-us Mon, 14 Jan 2019 00:00:00 +0530 Sat, 19 Jan 2019 00:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=373831 The Tribunal dismissed all appeals, upholding the Commissioner of Income Tax's jurisdiction under Section 263. It found the Assessing Officer's failure to conduct adequate inquiries and consider seized material rendered the assessment orders erroneous. The Tribunal also upheld the validity of reassessment proceedings under Section 147, based on specific information indicating the assessee's involvement in accommodation entries. The Tribunal rejected claims of borrowed satisfaction, affirming the reopening was justified. Case-Laws Income Tax Mon, 14 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=373831