https://www.taxtmi.com/highlights?id=75476 Reopening of assessment - as alleged Petitioner was a beneficiary of accommodation entries - Notices under Section 148A(b) were issued, alleging escaped income, followed by a subsequent notice clarifying errors. - Petitioner's response, supported by evidence, was rejected for failure to submit documents not initially requested. - The High Court quashed the rejection order and remanded the matter for reconsideration. The assessing officer was directed to provide a reasoned decision and justify the rejection of petitioner's evidence. en-us Thu, 07 Mar 2024 09:50:48 +0530 Thu, 07 Mar 2024 09:50:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=75476 Reopening of assessment - as alleged Petitioner was a beneficiary of accommodation entries - Notices under Section 148A(b) were issued, alleging escaped income, followed by a subsequent notice clarifying errors. - Petitioner's response, supported by evidence, was rejected for failure to submit documents not initially requested. - The High Court quashed the rejection order and remanded the matter for reconsideration. The assessing officer was directed to provide a reasoned decision and justify the rejection of petitioner's evidence. Highlights Income Tax Thu, 07 Mar 2024 09:50:48 +0530 https://www.taxtmi.com/highlights?id=75476