https://www.taxtmi.com/caselaws?id=14163 The High Court upheld the initiation of reassessment proceedings under section 147(a) of the Income-tax Act, 1961 for the assessment year 1962-63, regarding cash credits in the name of Afghan Fruit Company. The Court ruled in favor of the Revenue, finding that the assessee had not disclosed all primary facts necessary for assessment, leading to the reinstatement of the Income-tax Officer's decision for all relevant assessment years. en-us Mon, 18 Dec 2000 00:00:00 +0530 Tue, 14 Jul 2009 11:39:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=14163 The High Court upheld the initiation of reassessment proceedings under section 147(a) of the Income-tax Act, 1961 for the assessment year 1962-63, regarding cash credits in the name of Afghan Fruit Company. The Court ruled in favor of the Revenue, finding that the assessee had not disclosed all primary facts necessary for assessment, leading to the reinstatement of the Income-tax Officer's decision for all relevant assessment years. Case-Laws Income Tax Mon, 18 Dec 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=14163