Gujarat HC justified reassessment initiated on info. that assessee was beneficiary of accommodation loan entries

INCOME TAX : Where Assessing Officer issued a reopening notice against assessee on ground that an information was received from investigation wing that during a survey under section 133A conducted in case of a person, several material was impounded which revealed accommodation entries of tax bills and bogus loan connected to assessee, impugned reopening notice issued against assessee on basis of said information was justified

from www.taxmann.com Latest Case Laws https://ift.tt/3CSZBqP