https://www.taxtmi.com/highlights?id=57498 Reopening of assessment u/s 147 - reopening beyond the period of 4 years - bogus purchases transactions of diamonds - assessee was aware that, it was only an accommodation entries - It cannot be said that there was no tangible material before the Assessing Officer and that he proceeded mechanically based on the sole information and the impugned notice is without jurisdiction and contrary to Section 147 - HC en-us Tue, 06 Apr 2021 22:27:19 +0530 Tue, 06 Apr 2021 22:27:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=57498 Reopening of assessment u/s 147 - reopening beyond the period of 4 years - bogus purchases transactions of diamonds - assessee was aware that, it was only an accommodation entries - It cannot be said that there was no tangible material before the Assessing Officer and that he proceeded mechanically based on the sole information and the impugned notice is without jurisdiction and contrary to Section 147 - HC Highlights Income Tax Tue, 06 Apr 2021 22:27:19 +0530 https://www.taxtmi.com/highlights?id=57498