https://www.taxtmi.com/caselaws?id=786160 Reassessment was reopened specifically for alleged accommodation entries; the AO issued notices, examined explanations and documentary evidence, and recorded affidavits and disclosures admitting the transactions which were on record and offered before the Settlement Commission. The absence of detailed discussion or a specific addition in the assessment order did not negate application of mind; where records demonstrate enquiry and a conscious decision by the AO, the order cannot be treated as erroneous or prejudicial to revenue. Accordingly, the revision challenge failed and the assessee's appeal was allowed. en-us Fri, 30 Jan 2026 00:00:00 +0530 Sat, 07 Feb 2026 07:19:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=786160 Reassessment was reopened specifically for alleged accommodation entries; the AO issued notices, examined explanations and documentary evidence, and recorded affidavits and disclosures admitting the transactions which were on record and offered before the Settlement Commission. The absence of detailed discussion or a specific addition in the assessment order did not negate application of mind; where records demonstrate enquiry and a conscious decision by the AO, the order cannot be treated as erroneous or prejudicial to revenue. Accordingly, the revision challenge failed and the assessee's appeal was allowed. Case-Laws Income Tax Fri, 30 Jan 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=786160