https://www.taxtmi.com/caselaws?id=65640 The Tribunal upheld the validity of reassessment proceedings under section 147(a) and reinstated the addition of Rs. 5,04,127 as undisclosed income. The Commissioner (Appeals)'s decision was overturned, with the Tribunal determining that the original ITO had not formed a definitive opinion on the stock difference, justifying the reassessment based on the assessee's failure to fully disclose material facts necessary for assessment. en-us Fri, 15 Nov 1985 00:00:00 +0530 Fri, 18 Feb 2011 11:04:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=65640 The Tribunal upheld the validity of reassessment proceedings under section 147(a) and reinstated the addition of Rs. 5,04,127 as undisclosed income. The Commissioner (Appeals)'s decision was overturned, with the Tribunal determining that the original ITO had not formed a definitive opinion on the stock difference, justifying the reassessment based on the assessee's failure to fully disclose material facts necessary for assessment. Case-Laws Income Tax Fri, 15 Nov 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=65640