https://www.taxtmi.com/caselaws?id=776479 ITAT Delhi upheld reassessment where reopening was backed by tangible material and the approval record showed application of mind under section 151, so the challenge to validity failed. It also sustained the addition for unexplained income because the assessee received funds from an accommodation entry provider, the notice to that entity went unanswered, and the assessee did not prove genuineness or creditworthiness. On those facts, the adverse inference was justified and the assessed income remained undisturbed. en-us Mon, 06 Jan 2025 00:00:00 +0530 Tue, 12 Aug 2025 08:32:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=776479 ITAT Delhi upheld reassessment where reopening was backed by tangible material and the approval record showed application of mind under section 151, so the challenge to validity failed. It also sustained the addition for unexplained income because the assessee received funds from an accommodation entry provider, the notice to that entity went unanswered, and the assessee did not prove genuineness or creditworthiness. On those facts, the adverse inference was justified and the assessed income remained undisturbed. Case-Laws Income Tax Mon, 06 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=776479