https://www.taxtmi.com/caselaws?id=792122 Reassessment initiated beyond four years was held unsustainable because the revenue failed to show any failure by the assessee to disclose fully and truly all material facts; the original assessment had already examined the loan transactions, and no material linked the seized documents to the assessee. The addition for alleged accommodation entry also failed because the record showed a loan advance to the concern with interest charged, while the assumption of cash payment and routed receipt was unsupported by seized papers or other evidence. On the facts, the receipt was treated as loan repayment, not unexplained income, and both the reopening and the addition were deleted. en-us Tue, 21 Apr 2026 00:00:00 +0530 Sat, 23 May 2026 08:27:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=792122 Reassessment initiated beyond four years was held unsustainable because the revenue failed to show any failure by the assessee to disclose fully and truly all material facts; the original assessment had already examined the loan transactions, and no material linked the seized documents to the assessee. The addition for alleged accommodation entry also failed because the record showed a loan advance to the concern with interest charged, while the assumption of cash payment and routed receipt was unsupported by seized papers or other evidence. On the facts, the receipt was treated as loan repayment, not unexplained income, and both the reopening and the addition were deleted. Case-Laws Income Tax Tue, 21 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=792122