https://www.taxtmi.com/caselaws?id=6384 Reassessment under section 34(1)(a) of the Indian Income-tax Act, 1922 required the Income-tax Officer to have reason to believe, on relevant material, that income had escaped assessment because the assessee failed to disclose fully and truly all material facts. The recorded reasons and the Central Board of Revenue's satisfaction were jurisdictional prerequisites. As the department withheld the officer's report and the Board's order without adequate explanation, an adverse inference was drawn. On the material produced, the statutory conditions precedent for reopening were not affirmatively established, so the notices were invalid. en-us Fri, 15 Dec 1972 00:00:00 +0530 Tue, 13 Jan 2026 23:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=6384 Reassessment under section 34(1)(a) of the Indian Income-tax Act, 1922 required the Income-tax Officer to have reason to believe, on relevant material, that income had escaped assessment because the assessee failed to disclose fully and truly all material facts. The recorded reasons and the Central Board of Revenue's satisfaction were jurisdictional prerequisites. As the department withheld the officer's report and the Board's order without adequate explanation, an adverse inference was drawn. On the material produced, the statutory conditions precedent for reopening were not affirmatively established, so the notices were invalid. Case-Laws Income Tax Fri, 15 Dec 1972 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=6384