https://www.taxtmi.com/caselaws?id=67876 The Tribunal upheld the order of the Appellate Authority Commissioner, dismissing the Revenue's appeals and the assessee's cross-objections. The case centered on the initiation of reassessment proceedings under sections 147(a) and 148, with a focus on the disclosure of material particulars necessary for assessments. It was determined that the facts disclosed by the assessee were sufficient for assessment purposes, emphasizing that only facts directly impacting income accrual need to be disclosed. The judgment highlighted the importance of disclosing material facts directly linked to income generation for assessment, clarifying that additional details requiring investigation may not be mandatory for disclosure under section 147(a). en-us Tue, 24 Apr 1984 00:00:00 +0530 Tue, 15 Mar 2011 11:25:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=67876 The Tribunal upheld the order of the Appellate Authority Commissioner, dismissing the Revenue's appeals and the assessee's cross-objections. The case centered on the initiation of reassessment proceedings under sections 147(a) and 148, with a focus on the disclosure of material particulars necessary for assessments. It was determined that the facts disclosed by the assessee were sufficient for assessment purposes, emphasizing that only facts directly impacting income accrual need to be disclosed. The judgment highlighted the importance of disclosing material facts directly linked to income generation for assessment, clarifying that additional details requiring investigation may not be mandatory for disclosure under section 147(a). Case-Laws Income Tax Tue, 24 Apr 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=67876