https://www.taxtmi.com/caselaws?id=67933 The Tribunal upheld the correctness of the ITO's order under Section 155 of the IT Act, deeming the orders to be passed under Section 154 instead. The Tribunal emphasized the importance of accurate disclosure by the assessee and denied any benefits resulting from the assessee's failure to provide correct information during the assessment process. The appeals were dismissed, holding the assessee responsible for the lapse in disclosing accurate information and ruling out any leniency for the assessee's default. en-us Fri, 29 Aug 1986 00:00:00 +0530 Tue, 15 Mar 2011 17:31:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=67933 The Tribunal upheld the correctness of the ITO's order under Section 155 of the IT Act, deeming the orders to be passed under Section 154 instead. The Tribunal emphasized the importance of accurate disclosure by the assessee and denied any benefits resulting from the assessee's failure to provide correct information during the assessment process. The appeals were dismissed, holding the assessee responsible for the lapse in disclosing accurate information and ruling out any leniency for the assessee's default. Case-Laws Income Tax Fri, 29 Aug 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=67933