https://www.taxtmi.com/caselaws?id=219913 The court upheld the validity of reopening the assessment under Section 147 of the Income Tax Act, 1961, due to the petitioner's failure to disclose material facts fully and truly. The court found the jurisdictional ground for reopening invalid as the returns were accepted by the regular Assessing Officer. Despite the time-barred nature of the reopening, the court allowed it as the petitioner had not disclosed primary facts regarding unaccounted income. The petition was dismissed, limiting the reopening to untaxed items and vacating interim relief, with no costs awarded. en-us Tue, 14 Aug 2012 00:00:00 +0530 Tue, 01 Jan 2013 12:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=219913 The court upheld the validity of reopening the assessment under Section 147 of the Income Tax Act, 1961, due to the petitioner's failure to disclose material facts fully and truly. The court found the jurisdictional ground for reopening invalid as the returns were accepted by the regular Assessing Officer. Despite the time-barred nature of the reopening, the court allowed it as the petitioner had not disclosed primary facts regarding unaccounted income. The petition was dismissed, limiting the reopening to untaxed items and vacating interim relief, with no costs awarded. Case-Laws Income Tax Tue, 14 Aug 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=219913