https://www.taxtmi.com/caselaws?id=14378 Where the assessee disclosed all primary facts, reassessment under section 147(a) could not be sustained merely because the Revenue later took a different view on interest on securities and provision for foreign exchange entitlement certificates. The text notes that the assessee had furnished all material particulars at the original assessment stage, there was no suppression of material facts, and the same accounting method had been consistently followed year after year. On that basis, the assessee's treatment of both items was accepted on the merits, and no escapement of income or underassessment was shown. en-us Mon, 13 Nov 2000 00:00:00 +0530 Wed, 15 Jul 2009 14:22:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=14378 Where the assessee disclosed all primary facts, reassessment under section 147(a) could not be sustained merely because the Revenue later took a different view on interest on securities and provision for foreign exchange entitlement certificates. The text notes that the assessee had furnished all material particulars at the original assessment stage, there was no suppression of material facts, and the same accounting method had been consistently followed year after year. On that basis, the assessee's treatment of both items was accepted on the merits, and no escapement of income or underassessment was shown. Case-Laws Income Tax Mon, 13 Nov 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=14378