https://www.taxtmi.com/caselaws?id=779088 ITAT AHMDABAD - AT upheld the validity of reopening under section 147, finding the AO had obtained proper approval and recorded reasons to believe; grounds 1 and 2 were dismissed. However, the Tribunal allowed the assessee's appeal against the addition of an alleged accommodation entry: accounting and bank records, and corresponding books of the identified creditor-proprietor, established a loan in FY 2010-11 and its repayment in FY 2011-12, evidence ignored by the AO and CIT(A), warranting deletion of the addition. en-us Tue, 23 Sep 2025 00:00:00 +0530 Sat, 27 Sep 2025 08:34:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=779088 ITAT AHMDABAD - AT upheld the validity of reopening under section 147, finding the AO had obtained proper approval and recorded reasons to believe; grounds 1 and 2 were dismissed. However, the Tribunal allowed the assessee's appeal against the addition of an alleged accommodation entry: accounting and bank records, and corresponding books of the identified creditor-proprietor, established a loan in FY 2010-11 and its repayment in FY 2011-12, evidence ignored by the AO and CIT(A), warranting deletion of the addition. Case-Laws Income Tax Tue, 23 Sep 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=779088