https://www.taxtmi.com/caselaws?id=8712 Non-disclosure of the pendency of references challenging acquisition awards was a material omission because it could affect valuation of the acquired lands for estate duty, and reopening was justified on that basis. The right to receive compensation for acquired land was treated as a present property right arising on acquisition; later enhancement did not create a new right, but it confirmed that the original valuation was understated. On these facts, the authority had reason to believe that property chargeable to estate duty had escaped assessment through under-valuation, so the reopening notice was within jurisdiction. en-us Wed, 17 Nov 1971 00:00:00 +0530 Wed, 03 Jun 2009 10:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=8712 Non-disclosure of the pendency of references challenging acquisition awards was a material omission because it could affect valuation of the acquired lands for estate duty, and reopening was justified on that basis. The right to receive compensation for acquired land was treated as a present property right arising on acquisition; later enhancement did not create a new right, but it confirmed that the original valuation was understated. On these facts, the authority had reason to believe that property chargeable to estate duty had escaped assessment through under-valuation, so the reopening notice was within jurisdiction. Case-Laws Income Tax Wed, 17 Nov 1971 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=8712