https://www.taxtmi.com/caselaws?id=67796 The Tribunal upheld the validity of the reassessment proceedings under sections 147(a) and 148 of the Income Tax Act, emphasizing the duty of the assessee to disclose material facts truthfully. However, it found that the Income Tax Officer did not provide a proper opportunity for cross-examination, leading to a violation of natural justice. The Tribunal directed the ITO to afford a reasonable opportunity for the assessee's counsel to cross-examine the creditor. The appeal was treated as allowed for statistical purposes. en-us Thu, 14 May 1981 00:00:00 +0530 Mon, 14 Mar 2011 16:14:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=67796 The Tribunal upheld the validity of the reassessment proceedings under sections 147(a) and 148 of the Income Tax Act, emphasizing the duty of the assessee to disclose material facts truthfully. However, it found that the Income Tax Officer did not provide a proper opportunity for cross-examination, leading to a violation of natural justice. The Tribunal directed the ITO to afford a reasonable opportunity for the assessee's counsel to cross-examine the creditor. The appeal was treated as allowed for statistical purposes. Case-Laws Income Tax Thu, 14 May 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=67796