https://www.taxtmi.com/caselaws?id=65980 The Tribunal dismissed all appeals, upholding the validity of proceedings under Section 147(a) of the Income-tax Act, the applicability of Section 41(1) regarding cessation of liability, disallowance of royalty payments, and disallowance of purchase price payments under Section 40A(3). The Tribunal found the Income Tax Officer's actions justified, based on available material facts and correspondence, emphasizing the assessee's failure to fully disclose necessary information, leading to reassessment proceedings. en-us Wed, 30 May 1984 00:00:00 +0530 Sat, 19 Feb 2011 16:28:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=65980 The Tribunal dismissed all appeals, upholding the validity of proceedings under Section 147(a) of the Income-tax Act, the applicability of Section 41(1) regarding cessation of liability, disallowance of royalty payments, and disallowance of purchase price payments under Section 40A(3). The Tribunal found the Income Tax Officer's actions justified, based on available material facts and correspondence, emphasizing the assessee's failure to fully disclose necessary information, leading to reassessment proceedings. Case-Laws Income Tax Wed, 30 May 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=65980