https://www.taxtmi.com/caselaws?id=64748 The Tribunal allowed the assessee's petition for rectification of orders, considering arguments on the method of accounting and the validity of re-assessment proceedings. The Tribunal emphasized the importance of disclosing material facts and found the re-opening of assessment justified due to the failure to disclose the method of accounting. The Tribunal directed further examination on the method of accounting for the relevant assessment years and the issue of barred assessment years, partially allowing the miscellaneous application based on the presented facts and arguments. en-us Tue, 03 Oct 1989 00:00:00 +0530 Wed, 09 Feb 2011 16:10:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=64748 The Tribunal allowed the assessee's petition for rectification of orders, considering arguments on the method of accounting and the validity of re-assessment proceedings. The Tribunal emphasized the importance of disclosing material facts and found the re-opening of assessment justified due to the failure to disclose the method of accounting. The Tribunal directed further examination on the method of accounting for the relevant assessment years and the issue of barred assessment years, partially allowing the miscellaneous application based on the presented facts and arguments. Case-Laws Income Tax Tue, 03 Oct 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=64748