Assessment Reopened u/s 147 for SIPL's Alleged Non-Disclosure of Transactions with Moral as Accommodation Entries.

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....Reopening of assessment u/s 147 - Addition u/s 68 - transactions of providing accommodation entries - If the transactions undertaken by SIPL with Moral are indeed not genuine, as now reasonably believed by the Assessing Officer, it would not be correct to say that SIPL had disclosed fully and truly all the material facts for its assessment for the relevant assessment year.....