2023 (7) TMI 92 - SCH - Income Tax

Reopening of assessment u/s 147 - Accommodation entries received - as per HC petitioner has not placed on record documents to establish genuineness of the transactions with Mridul Securities we do not find any case for interfering in the writ proceedings and Petitioner has not brought on record anything to suggest that the reassessment proceedings are being undertaken in an arbitrary manner - HELD THAT - We are not inclined to interfere with the impugned judgment and hence the special leave petition is dismissed. Pending application(s) if any shall stand disposed of.