https://www.taxtmi.com/caselaws?id=4217 The court dismissed the petition challenging the reopening of assessment under section 147 of the Income-tax Act, 1961. It ruled that there was inadequate disclosure by the petitioner, leading to the conclusion that income had indeed escaped assessment. The court emphasized the importance of providing full and accurate information to the Assessing Officer, ultimately rejecting the petitioner's arguments and denying the application for a stay order. en-us Wed, 12 Dec 2007 00:00:00 +0530 Sat, 26 Jul 2008 13:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=4217 The court dismissed the petition challenging the reopening of assessment under section 147 of the Income-tax Act, 1961. It ruled that there was inadequate disclosure by the petitioner, leading to the conclusion that income had indeed escaped assessment. The court emphasized the importance of providing full and accurate information to the Assessing Officer, ultimately rejecting the petitioner's arguments and denying the application for a stay order. Case-Laws Income Tax Wed, 12 Dec 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=4217