https://www.taxtmi.com/caselaws?id=251979 The High Court upheld the Tribunal's decision in the appeal of an assessee for the assessment year 2001-02. It found that the assessing officer's actions did not comply with the special legal provisions of the Income Tax Act, specifically regarding reassessment criteria. The Court emphasized the necessity of disclosing all material facts for assessment purposes and ruled in favor of the assessee, stating that the assessing officer could not claim income had escaped assessment due to the assessee's full disclosure of relevant facts. The appeal was dismissed for lack of merit. en-us Fri, 22 Aug 2014 00:00:00 +0530 Tue, 07 Oct 2014 07:47:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=251979 The High Court upheld the Tribunal's decision in the appeal of an assessee for the assessment year 2001-02. It found that the assessing officer's actions did not comply with the special legal provisions of the Income Tax Act, specifically regarding reassessment criteria. The Court emphasized the necessity of disclosing all material facts for assessment purposes and ruled in favor of the assessee, stating that the assessing officer could not claim income had escaped assessment due to the assessee's full disclosure of relevant facts. The appeal was dismissed for lack of merit. Case-Laws Income Tax Fri, 22 Aug 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=251979