Reopening on the basis of vague / uncertain information on Accommodation Entry not valid

Investigation Wing informed the Assessing Officer of the assessee that they have carried out large scale investigation to unearth a huge racket including accommodation entry providers. Such entry providers found to be involved in giving accommodation entries in the form of bogus gifts/loans/share capital money etc. by cheques/DDs in lieu of cash received from the beneficiaries. The list of beneficiaries who have taken accommodation entries from such person/firm including the name of Bimla Devi. Now, the present assessee is Maya Gupta and not Bimla Devi. Then, in the chart, only the value of en...