https://www.taxtmi.com/caselaws?id=247584 The High Court held that the petitioner had made full disclosure during the survey and subsequent assessment proceedings, providing detailed explanations and reconciliations. It was determined that the Assessing Officer should have addressed any valuation concerns during the assessment instead of issuing a reopening notice based on alleged failure to disclose material facts. Consequently, the petition was allowed, the notice was quashed, and no costs were awarded. en-us Tue, 15 Apr 2014 00:00:00 +0530 Wed, 18 Feb 2015 17:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=247584 The High Court held that the petitioner had made full disclosure during the survey and subsequent assessment proceedings, providing detailed explanations and reconciliations. It was determined that the Assessing Officer should have addressed any valuation concerns during the assessment instead of issuing a reopening notice based on alleged failure to disclose material facts. Consequently, the petition was allowed, the notice was quashed, and no costs were awarded. Case-Laws Income Tax Tue, 15 Apr 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=247584