Reassessment on basis of info. from investigation wing that assessee received accommodation entries was justified

IT : Where AO, on basis of information supplied by Investigation Wing of department, initiated reassessment proceedings on ground that a company provided accommodation entries to assessee in form of share capital and premium, there being a prima facie case to believe that income chargeable to tax had escaped assessment, validity of reassessment proceedings was to be upheld

from www.taxmann.com Latest Case Laws https://ift.tt/2Li9bbw