https://www.taxtmi.com/caselaws?id=790837 A cross-objection challenging reassessment under section 147 on the basis that section 153C alone applied was held not entertainable for the first time before the Tribunal because it required fresh factual inquiry beyond the existing record. In a best judgment assessment involving accommodation entries, the Assessing Officer's commission estimate at 2% was restored because the Commissioner (Appeals) reduced it to 0.5% without evidentiary support or identified infirmity in the assessment. The Revenue's appeals were allowed and the assessee's cross-objections were dismissed. en-us Tue, 28 Apr 2026 00:00:00 +0530 Fri, 01 May 2026 10:14:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=790837 A cross-objection challenging reassessment under section 147 on the basis that section 153C alone applied was held not entertainable for the first time before the Tribunal because it required fresh factual inquiry beyond the existing record. In a best judgment assessment involving accommodation entries, the Assessing Officer's commission estimate at 2% was restored because the Commissioner (Appeals) reduced it to 0.5% without evidentiary support or identified infirmity in the assessment. The Revenue's appeals were allowed and the assessee's cross-objections were dismissed. Case-Laws Income Tax Tue, 28 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=790837