https://www.taxtmi.com/caselaws?id=64041 The reassessment proceedings under Section 147 were held to be justified as the majority and third member opinions concluded that the assessee failed to make a full and true disclosure of material facts necessary for assessment. The excess sales tax collected by the assessee was deemed taxable income for the relevant assessment years, leading to the dismissal of appeals and upholding of reassessment orders for the years 1978-79 and 1979-80. en-us Thu, 30 Jan 1997 00:00:00 +0530 Thu, 03 Feb 2011 13:17:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=64041 The reassessment proceedings under Section 147 were held to be justified as the majority and third member opinions concluded that the assessee failed to make a full and true disclosure of material facts necessary for assessment. The excess sales tax collected by the assessee was deemed taxable income for the relevant assessment years, leading to the dismissal of appeals and upholding of reassessment orders for the years 1978-79 and 1979-80. Case-Laws Income Tax Thu, 30 Jan 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=64041