https://www.taxtmi.com/caselaws?id=8811 Reopening of wealth-tax assessments under section 17 depends on strict satisfaction of the statutory conditions. For clause (a), reassessment is available only where the assessee failed to disclose fully and truly all material facts; on the stated facts, disclosure through the trust deed and prior nil assessment meant that condition was not met. For clause (b), reopening may rest on information already in the officer's possession if it reasonably supports the belief that wealth escaped assessment; the note treats that basis as sufficient for assessment year 1966-67. Reopening under clause (b) is also confined to the prescribed four-year limit, so notices beyond that period are time-barred. en-us Tue, 12 Sep 1972 00:00:00 +0530 Thu, 04 Jun 2009 18:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=8811 Reopening of wealth-tax assessments under section 17 depends on strict satisfaction of the statutory conditions. For clause (a), reassessment is available only where the assessee failed to disclose fully and truly all material facts; on the stated facts, disclosure through the trust deed and prior nil assessment meant that condition was not met. For clause (b), reopening may rest on information already in the officer's possession if it reasonably supports the belief that wealth escaped assessment; the note treats that basis as sufficient for assessment year 1966-67. Reopening under clause (b) is also confined to the prescribed four-year limit, so notices beyond that period are time-barred. Case-Laws Wealth-tax Tue, 12 Sep 1972 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=8811