https://www.taxtmi.com/caselaws?id=802547 Specific investigation-wing information can constitute tangible material for reopening an assessment when recorded reasons demonstrate application of mind to a belief that income escaped assessment, supporting valid reassessment. For an alleged unexplained cash credit, a receipt followed by sales of the same amount to the same party, together with an accommodation-entry statement that did not identify the assessee, supported limiting the addition to the profit element offered as additional income. The balance of the addition was deleted. en-us Tue, 03 Nov 2026 00:00:00 +0530 Sat, 07 Nov 2026 08:22:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=802547 Specific investigation-wing information can constitute tangible material for reopening an assessment when recorded reasons demonstrate application of mind to a belief that income escaped assessment, supporting valid reassessment. For an alleged unexplained cash credit, a receipt followed by sales of the same amount to the same party, together with an accommodation-entry statement that did not identify the assessee, supported limiting the addition to the profit element offered as additional income. The balance of the addition was deleted. Case-Laws Income Tax Tue, 03 Nov 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=802547