https://www.taxtmi.com/caselaws?id=780584 HC held reassessment under section 148 cannot be initiated for issues already examined under section 143(3) or earlier section 148 proceedings. The court found annexed materials did not establish transactions between the assessee and the impugned entity and accepted the assessee's contention of no escapement of income on those transactions, which were previously treated as accommodation entries. The court set aside the order under section 148A(3) and the section 148 notice, and remanded the matter to the AO for fresh consideration, directing an opportunity to be heard and to admit supporting documents. en-us Wed, 29 Oct 2025 00:00:00 +0530 Fri, 31 Oct 2025 15:11:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=780584 HC held reassessment under section 148 cannot be initiated for issues already examined under section 143(3) or earlier section 148 proceedings. The court found annexed materials did not establish transactions between the assessee and the impugned entity and accepted the assessee's contention of no escapement of income on those transactions, which were previously treated as accommodation entries. The court set aside the order under section 148A(3) and the section 148 notice, and remanded the matter to the AO for fresh consideration, directing an opportunity to be heard and to admit supporting documents. Case-Laws Income Tax Wed, 29 Oct 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=780584