https://www.taxtmi.com/caselaws?id=470050 Jurisdiction for a notice under Section 143(2) depends on the issuing Assessing Officer's authority when the notice is issued; a subsequent transfer of the case does not invalidate it. Transfer of jurisdiction is governed by Section 127, while Section 129 concerns continuation of proceedings after a change of incumbent. Where sales and quantitative details are accepted but purchases are linked to an alleged accommodation-entry provider, an estimated profit addition may replace disallowance of the entire purchases. Applying a comparable benchmark, the purchase-related disallowance was increased from 5% to 6%. The challenge to rejection of the books of account failed because no specific submissions supported it. en-us Mon, 05 Aug 2024 00:00:00 +0530 Tue, 14 Jul 2026 19:02:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=470050 Jurisdiction for a notice under Section 143(2) depends on the issuing Assessing Officer's authority when the notice is issued; a subsequent transfer of the case does not invalidate it. Transfer of jurisdiction is governed by Section 127, while Section 129 concerns continuation of proceedings after a change of incumbent. Where sales and quantitative details are accepted but purchases are linked to an alleged accommodation-entry provider, an estimated profit addition may replace disallowance of the entire purchases. Applying a comparable benchmark, the purchase-related disallowance was increased from 5% to 6%. The challenge to rejection of the books of account failed because no specific submissions supported it. Case-Laws Income Tax Mon, 05 Aug 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=470050