https://www.taxtmi.com/caselaws?id=471197 Reassessment under Sections 147 and 148 requires reasons based on material linking the assessee to the alleged escapement of income. Information from the Investigation Wing concerning purported accommodation-entry providers, without evidence connecting the assessee to those entities or transactions, does not establish the required nexus. Where the alleged entry provider's statement is unavailable or contains no reference to the assessee, general allegations of entries to multiple recipients cannot support reopening. Reassessments initiated on that basis were void and cancelled for both assessment years. en-us Tue, 05 May 2015 00:00:00 +0530 Tue, 25 Aug 2026 10:54:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=471197 Reassessment under Sections 147 and 148 requires reasons based on material linking the assessee to the alleged escapement of income. Information from the Investigation Wing concerning purported accommodation-entry providers, without evidence connecting the assessee to those entities or transactions, does not establish the required nexus. Where the alleged entry provider's statement is unavailable or contains no reference to the assessee, general allegations of entries to multiple recipients cannot support reopening. Reassessments initiated on that basis were void and cancelled for both assessment years. Case-Laws Income Tax Tue, 05 May 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=471197