https://www.taxtmi.com/caselaws?id=10262 The court set aside the reassessment orders under section 147 of the Income-tax Act for the years 1996-97 and 1997-98, emphasizing the necessity of full and true disclosure of primary facts by the assessee. The court ruled that reassessment based on a change of opinion was unjustified when all relevant facts had been disclosed and considered during the original assessment. The petitioner's objections were not adequately addressed by the Assessing Officer, leading to the quashing of notices and assessment orders. The court highlighted the assessee's duty to disclose facts fully and truthfully for a fair assessment process. en-us Thu, 27 May 2004 00:00:00 +0530 Sat, 11 Jul 2009 17:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=10262 The court set aside the reassessment orders under section 147 of the Income-tax Act for the years 1996-97 and 1997-98, emphasizing the necessity of full and true disclosure of primary facts by the assessee. The court ruled that reassessment based on a change of opinion was unjustified when all relevant facts had been disclosed and considered during the original assessment. The petitioner's objections were not adequately addressed by the Assessing Officer, leading to the quashing of notices and assessment orders. The court highlighted the assessee's duty to disclose facts fully and truthfully for a fair assessment process. Case-Laws Income Tax Thu, 27 May 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=10262