https://www.taxtmi.com/caselaws?id=792955 Reassessment based on alleged bogus accommodation entries of unsecured loan could not sustain an addition on a different footing under section 69A for repayment of that loan. The recorded reason for reopening did not result in any addition, while the assessment was completed on a ground wholly disconnected from the basis of initiation. Since the loan transaction itself had not been doubted in earlier years and the original reason for reassessment did not survive, the section 69A addition was deleted. The principle applied is that reassessment cannot be used to make an addition entirely unrelated to the recorded reasons for reopening. en-us Fri, 15 May 2026 00:00:00 +0530 Sat, 06 Jun 2026 08:42:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=792955 Reassessment based on alleged bogus accommodation entries of unsecured loan could not sustain an addition on a different footing under section 69A for repayment of that loan. The recorded reason for reopening did not result in any addition, while the assessment was completed on a ground wholly disconnected from the basis of initiation. Since the loan transaction itself had not been doubted in earlier years and the original reason for reassessment did not survive, the section 69A addition was deleted. The principle applied is that reassessment cannot be used to make an addition entirely unrelated to the recorded reasons for reopening. Case-Laws Income Tax Fri, 15 May 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=792955