https://www.taxtmi.com/caselaws?id=762681 Gauhati HC dismissed writ petitions challenging reopening of assessment under Section 147. The court found no violation of Section 148A provisions despite petitioners' claims of inadequate hearing opportunity. Evidence showed accommodation entries through controlled firms involving paper transactions of commodities like Rajma and Kabuli Chana on same dates between related entities. The assessing officer had proper reasons to believe transactions were bogus, supported by admissions during survey proceedings. Court held impugned orders were justified and did not fall within exceptions established by SC precedent. en-us Fri, 29 Nov 2024 00:00:00 +0530 Wed, 04 Dec 2024 16:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=762681 Gauhati HC dismissed writ petitions challenging reopening of assessment under Section 147. The court found no violation of Section 148A provisions despite petitioners' claims of inadequate hearing opportunity. Evidence showed accommodation entries through controlled firms involving paper transactions of commodities like Rajma and Kabuli Chana on same dates between related entities. The assessing officer had proper reasons to believe transactions were bogus, supported by admissions during survey proceedings. Court held impugned orders were justified and did not fall within exceptions established by SC precedent. Case-Laws Income Tax Fri, 29 Nov 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=762681