https://www.taxtmi.com/caselaws?id=69350 The case involved appeals by the Revenue challenging the cancellation of reassessments for certain assessment years and the deletion of an addition to the claim of the assessee for land acquisition compensation. The Tribunal found that the reassessments were unwarranted as the amount accrued to the assessee only after a suit was compromised in 1975. However, the Tribunal held that for certain years, there was a failure to disclose fully and truly all material, allowing the WTO to validly reopen the assessment. The Tribunal directed a fresh disposal for valuation for certain assessment years while declining to interfere with the CWT's order for others. en-us Sat, 22 Aug 1981 00:00:00 +0530 Wed, 06 Apr 2011 13:08:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=69350 The case involved appeals by the Revenue challenging the cancellation of reassessments for certain assessment years and the deletion of an addition to the claim of the assessee for land acquisition compensation. The Tribunal found that the reassessments were unwarranted as the amount accrued to the assessee only after a suit was compromised in 1975. However, the Tribunal held that for certain years, there was a failure to disclose fully and truly all material, allowing the WTO to validly reopen the assessment. The Tribunal directed a fresh disposal for valuation for certain assessment years while declining to interfere with the CWT's order for others. Case-Laws Wealth-tax Sat, 22 Aug 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=69350