https://www.taxtmi.com/caselaws?id=211656 The High Court ruled in favor of the Revenue, setting aside the Income Tax Appellate Tribunal's order to quash reassessment proceedings. The Court found that the Assessing Officer had validly formed a tentative opinion that the assessee had not fully and truly disclosed material facts, fulfilling the jurisdictional pre-conditions for reassessment. The Court directed the Tribunal to examine the merits of the addition and the validity of approval under Section 151, instructing the parties to appear for further proceedings. en-us Wed, 21 Mar 2012 00:00:00 +0530 Fri, 24 Jul 2026 10:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=211656 The High Court ruled in favor of the Revenue, setting aside the Income Tax Appellate Tribunal's order to quash reassessment proceedings. The Court found that the Assessing Officer had validly formed a tentative opinion that the assessee had not fully and truly disclosed material facts, fulfilling the jurisdictional pre-conditions for reassessment. The Court directed the Tribunal to examine the merits of the addition and the validity of approval under Section 151, instructing the parties to appear for further proceedings. Case-Laws Income Tax Wed, 21 Mar 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=211656