https://www.taxtmi.com/caselaws?id=785883 Accommodation entries treated as bogus purchases were disallowed by the assessing officer under the business expense provision rather than under unexplained investment provisions. The tribunal held that treating the claimed purchases as bogus supported disallowance under the business expense provision and that the failure to invoke the unexplained investment provision did not render the reassessment erroneous or prejudicial to revenue. Consequently, the revision under the review power was quashed and the assessee's grounds were allowed, leaving the AO's disallowance intact. en-us Thu, 29 Jan 2026 00:00:00 +0530 Mon, 02 Feb 2026 08:20:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=785883 Accommodation entries treated as bogus purchases were disallowed by the assessing officer under the business expense provision rather than under unexplained investment provisions. The tribunal held that treating the claimed purchases as bogus supported disallowance under the business expense provision and that the failure to invoke the unexplained investment provision did not render the reassessment erroneous or prejudicial to revenue. Consequently, the revision under the review power was quashed and the assessee's grounds were allowed, leaving the AO's disallowance intact. Case-Laws Income Tax Thu, 29 Jan 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=785883