https://www.taxtmi.com/caselaws?id=6073 The dominant issue was whether reassessment notices issued under s.147(a) were valid on the ground of the assessee's alleged failure to disclose fully and truly all material facts. The SC held that the assessee had disclosed, in the return and accompanying statements, full particulars of the disputed amount treated as not recoverable for the relevant accounting year; hence there was no omission or failure to disclose material facts necessary for assessment. On this legal and factual basis, s.147(a) was inapplicable, consistent with the SC's earlier ruling on identical facts. The appeals were dismissed and the reassessment notices were held invalid. en-us Wed, 03 Feb 1999 00:00:00 +0530 Thu, 18 Dec 2025 18:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=6073 The dominant issue was whether reassessment notices issued under s.147(a) were valid on the ground of the assessee's alleged failure to disclose fully and truly all material facts. The SC held that the assessee had disclosed, in the return and accompanying statements, full particulars of the disputed amount treated as not recoverable for the relevant accounting year; hence there was no omission or failure to disclose material facts necessary for assessment. On this legal and factual basis, s.147(a) was inapplicable, consistent with the SC's earlier ruling on identical facts. The appeals were dismissed and the reassessment notices were held invalid. Case-Laws Income Tax Wed, 03 Feb 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=6073