https://www.taxtmi.com/caselaws?id=435025 The Tribunal upheld the reopening of the assessment under section 147 of the Income Tax Act, 1961, based on information regarding accommodation entries. Additionally, the Tribunal dismissed the appeal of the assessee concerning the additions made during the assessment, including unexplained cash credit and expenditure, as the AR had already offered the disputed amount for taxation. The Tribunal found the grounds raised by the assessee lacked merit, leading to the dismissal of the appeal on 9th March 2023. en-us Thu, 09 Mar 2023 00:00:00 +0530 Fri, 10 Mar 2023 08:56:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=435025 The Tribunal upheld the reopening of the assessment under section 147 of the Income Tax Act, 1961, based on information regarding accommodation entries. Additionally, the Tribunal dismissed the appeal of the assessee concerning the additions made during the assessment, including unexplained cash credit and expenditure, as the AR had already offered the disputed amount for taxation. The Tribunal found the grounds raised by the assessee lacked merit, leading to the dismissal of the appeal on 9th March 2023. Case-Laws Income Tax Thu, 09 Mar 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=435025