https://www.taxtmi.com/caselaws?id=470609 Reassessment based on investigation information identifying a supplier as an accommodation-entry provider may be supported by fresh tangible material indicating that income escaped assessment. Where purchases are treated as non-genuine, the addition may be confined to the profit element rather than the full purchase value. Consistency is central when the same supplier, factual matrix and circumstances remain unchanged across assessment years: an earlier profit-rate approach should ordinarily continue absent a material change in facts or law. A 12.5% estimate is presented as representing the benefit derived from grey-market purchases. en-us Tue, 26 Aug 2025 00:00:00 +0530 Fri, 31 Jul 2026 19:03:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=470609 Reassessment based on investigation information identifying a supplier as an accommodation-entry provider may be supported by fresh tangible material indicating that income escaped assessment. Where purchases are treated as non-genuine, the addition may be confined to the profit element rather than the full purchase value. Consistency is central when the same supplier, factual matrix and circumstances remain unchanged across assessment years: an earlier profit-rate approach should ordinarily continue absent a material change in facts or law. A 12.5% estimate is presented as representing the benefit derived from grey-market purchases. Case-Laws Income Tax Tue, 26 Aug 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=470609