https://www.taxtmi.com/caselaws?id=786254 Addition for non genuine accommodation entries was treated as unexplained money and deleted because the assessing officer relied on statements and investigative inputs without sufficient basis; consequence: addition under unexplained money was overturned. Reopening of assessment was invalidated for being based solely on an Investigation Wing report without independent application of mind (borrowed satisfaction); consequence: reassessment proceedings quashed. Reopening beyond four years failed because the assessee had fully and truly disclosed material facts at original assessment, so the proviso precondition for extended reassessment was not satisfied; consequence: reassessment could not be sustained. en-us Fri, 06 Feb 2026 00:00:00 +0530 Sat, 07 Feb 2026 13:40:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=786254 Addition for non genuine accommodation entries was treated as unexplained money and deleted because the assessing officer relied on statements and investigative inputs without sufficient basis; consequence: addition under unexplained money was overturned. Reopening of assessment was invalidated for being based solely on an Investigation Wing report without independent application of mind (borrowed satisfaction); consequence: reassessment proceedings quashed. Reopening beyond four years failed because the assessee had fully and truly disclosed material facts at original assessment, so the proviso precondition for extended reassessment was not satisfied; consequence: reassessment could not be sustained. Case-Laws Income Tax Fri, 06 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=786254