https://www.taxtmi.com/caselaws?id=203027 HC upheld the order of the Tribunal quashing the second reassessment initiated u/s 147. It held that the assessee had filed the return in time and had fully and truly disclosed all material facts necessary for assessment, including particulars relevant to deduction u/s 80HHC. Consequently, the second reassessment was barred by limitation, and the proviso to s.147 did not apply. HC further held that Explanation 1 to the proviso concerns mere production of books and evidence, not cases where the return itself contains adequate and full disclosure. The question was answered against the Revenue. en-us Tue, 03 Aug 2010 00:00:00 +0530 Wed, 19 Nov 2025 14:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=203027 HC upheld the order of the Tribunal quashing the second reassessment initiated u/s 147. It held that the assessee had filed the return in time and had fully and truly disclosed all material facts necessary for assessment, including particulars relevant to deduction u/s 80HHC. Consequently, the second reassessment was barred by limitation, and the proviso to s.147 did not apply. HC further held that Explanation 1 to the proviso concerns mere production of books and evidence, not cases where the return itself contains adequate and full disclosure. The question was answered against the Revenue. Case-Laws Income Tax Tue, 03 Aug 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=203027