https://www.taxtmi.com/caselaws?id=801334 Reassessment under Section 147 may be based on Investigation Wing information concerning transactions and modus operandi where it does not rely on material seized in a third-party search; proceedings under Section 153C need not be invoked in those circumstances. Where purchases are doubtful or linked to accommodation-entry patterns, the addition may be confined to the profit element embedded in disputed purchases rather than the full purchase value. The stated approach sustains an addition of 6% of the disputed purchases. en-us Tue, 13 Oct 2026 00:00:00 +0530 Mon, 19 Oct 2026 07:01:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=801334 Reassessment under Section 147 may be based on Investigation Wing information concerning transactions and modus operandi where it does not rely on material seized in a third-party search; proceedings under Section 153C need not be invoked in those circumstances. Where purchases are doubtful or linked to accommodation-entry patterns, the addition may be confined to the profit element embedded in disputed purchases rather than the full purchase value. The stated approach sustains an addition of 6% of the disputed purchases. Case-Laws Income Tax Tue, 13 Oct 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=801334