https://www.taxtmi.com/caselaws?id=468894 Reassessment under section 147 was treated as unsustainable where the assessee had already been assessed on the basis that its business involved accommodation entries and the same purchases were sought to be taxed again on the basis of later Sales Tax Department information. The record showed that the original assessment had already treated purchases and sales as bogus and had estimated commission income on sales turnover, while parallel reassessment proceedings had also disallowed the very same purchases. On those facts, the authority held that the assessee could not be taxed twice on the same turnover, no real income had escaped assessment, and commission income, if any, could be estimated only on sales turnover. The reopening and related addition were quashed. en-us Tue, 08 Dec 2020 00:00:00 +0530 Mon, 25 May 2026 16:13:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=468894 Reassessment under section 147 was treated as unsustainable where the assessee had already been assessed on the basis that its business involved accommodation entries and the same purchases were sought to be taxed again on the basis of later Sales Tax Department information. The record showed that the original assessment had already treated purchases and sales as bogus and had estimated commission income on sales turnover, while parallel reassessment proceedings had also disallowed the very same purchases. On those facts, the authority held that the assessee could not be taxed twice on the same turnover, no real income had escaped assessment, and commission income, if any, could be estimated only on sales turnover. The reopening and related addition were quashed. Case-Laws Income Tax Tue, 08 Dec 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=468894