https://www.taxtmi.com/caselaws?id=14996 The High Court ruled in favor of the assessee in a case concerning the reopening of assessments under section 147(a) of the Income-tax Act, 1961. The Court held that the reassessment was unwarranted as there was no change in circumstances and the assessee had already disclosed all material facts in prior assessments. The Court emphasized that the assessing authority should draw inferences from the information provided by the assessee, relieving the assessee from the obligation to repeatedly disclose known facts. The decision favored the assessee, directing further action by the Appellate Tribunal in accordance with the judgment. en-us Tue, 30 Nov 1999 00:00:00 +0530 Mon, 27 Jul 2009 15:28:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=14996 The High Court ruled in favor of the assessee in a case concerning the reopening of assessments under section 147(a) of the Income-tax Act, 1961. The Court held that the reassessment was unwarranted as there was no change in circumstances and the assessee had already disclosed all material facts in prior assessments. The Court emphasized that the assessing authority should draw inferences from the information provided by the assessee, relieving the assessee from the obligation to repeatedly disclose known facts. The decision favored the assessee, directing further action by the Appellate Tribunal in accordance with the judgment. Case-Laws Income Tax Tue, 30 Nov 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=14996