https://www.taxtmi.com/caselaws?id=63948 The Tribunal upheld the reopening of proceedings under section 147(a) of the Income-tax Act, 1961, and the withdrawal of depreciation and investment allowance, dismissing the appeal by the assessee. The Tribunal found that the original disclosure was not full and true, as subsequent information revealed that the machinery was not installed or used during the relevant year. The decision was supported by various case laws and the consultants' report, leading to the conclusion that the reassessment was justified. en-us Mon, 19 Nov 1990 00:00:00 +0530 Wed, 02 Feb 2011 17:59:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=63948 The Tribunal upheld the reopening of proceedings under section 147(a) of the Income-tax Act, 1961, and the withdrawal of depreciation and investment allowance, dismissing the appeal by the assessee. The Tribunal found that the original disclosure was not full and true, as subsequent information revealed that the machinery was not installed or used during the relevant year. The decision was supported by various case laws and the consultants' report, leading to the conclusion that the reassessment was justified. Case-Laws Income Tax Mon, 19 Nov 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=63948