https://www.taxtmi.com/caselaws?id=5162 Reassessment jurisdiction under the income-tax law arises only if two cumulative conditions are met: the Assessing Officer must have reason to believe income escaped assessment, and that escapement must result from the assessee's omission or failure to disclose fully and truly all material facts. The material jurisdictional question is whether the alleged escapement was attributable to such nondisclosure; without that finding, reassessment notices cannot be upheld. The matter was therefore remitted for fresh determination of the statutory precondition governing reopening. en-us Mon, 10 Feb 1969 00:00:00 +0530 Fri, 21 Nov 2008 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=5162 Reassessment jurisdiction under the income-tax law arises only if two cumulative conditions are met: the Assessing Officer must have reason to believe income escaped assessment, and that escapement must result from the assessee's omission or failure to disclose fully and truly all material facts. The material jurisdictional question is whether the alleged escapement was attributable to such nondisclosure; without that finding, reassessment notices cannot be upheld. The matter was therefore remitted for fresh determination of the statutory precondition governing reopening. Case-Laws Income Tax Mon, 10 Feb 1969 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=5162