https://www.taxtmi.com/caselaws?id=793956 Reassessment based on Investigation Wing information about accommodation entries was valid because the reopening rested on credible material linking the assessee to bogus entry providers, and the challenge to section 147 reopening failed. For bogus purchases, only the profit element embedded in the disputed purchases could be brought to tax, not the full purchase value; applying the factual matrix and precedent, the Tribunal's restriction of the addition to 6% was upheld and the Revenue's challenge failed. en-us Tue, 09 Jun 2026 00:00:00 +0530 Fri, 26 Jun 2026 07:07:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=793956 Reassessment based on Investigation Wing information about accommodation entries was valid because the reopening rested on credible material linking the assessee to bogus entry providers, and the challenge to section 147 reopening failed. For bogus purchases, only the profit element embedded in the disputed purchases could be brought to tax, not the full purchase value; applying the factual matrix and precedent, the Tribunal's restriction of the addition to 6% was upheld and the Revenue's challenge failed. Case-Laws Income Tax Tue, 09 Jun 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=793956