https://www.taxtmi.com/caselaws?id=800592 Statutory approval under Section 151 for reassessment requires the approving authority to independently consider recorded reasons and supporting material; a bare "fit case" endorsement is mechanical, invalidates the sanction, and leaves reassessment without jurisdiction. Reassessment is not a change of opinion where subsequent investigation information concerning accommodation entries was unavailable during the original assessment. Alleged bogus-purchase additions require probative and corroborative material: invoices, stock, payment, transport, and undisproved sales records cannot be displaced solely by an untested supplier statement or cash withdrawals lacking a transaction nexus. Estimating a profit element also requires cogent proof of suppressed profit. en-us Mon, 28 Sep 2026 00:00:00 +0530 Thu, 08 Oct 2026 08:45:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=800592 Statutory approval under Section 151 for reassessment requires the approving authority to independently consider recorded reasons and supporting material; a bare "fit case" endorsement is mechanical, invalidates the sanction, and leaves reassessment without jurisdiction. Reassessment is not a change of opinion where subsequent investigation information concerning accommodation entries was unavailable during the original assessment. Alleged bogus-purchase additions require probative and corroborative material: invoices, stock, payment, transport, and undisproved sales records cannot be displaced solely by an untested supplier statement or cash withdrawals lacking a transaction nexus. Estimating a profit element also requires cogent proof of suppressed profit. Case-Laws Income Tax Mon, 28 Sep 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=800592