https://www.taxtmi.com/caselaws?id=15288 The court emphasized that the duty of the assessee is to disclose all primary facts necessary for assessment, with the Assessing Officer drawing inferences. The notice u/s 148 was deemed invalid as the assessee had disclosed all material facts, despite discrepancies in depreciation rates. An order under u/s 154 lacked natural justice principles and was annulled. The court upheld that the extended time limit for issuing notice u/s 149(1)(a)(iii) did not apply as the assessee's return was complete. The writ appeal was dismissed, affirming the single judge's decision. en-us Fri, 10 Mar 2000 00:00:00 +0530 Tue, 04 Aug 2009 14:00:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=15288 The court emphasized that the duty of the assessee is to disclose all primary facts necessary for assessment, with the Assessing Officer drawing inferences. The notice u/s 148 was deemed invalid as the assessee had disclosed all material facts, despite discrepancies in depreciation rates. An order under u/s 154 lacked natural justice principles and was annulled. The court upheld that the extended time limit for issuing notice u/s 149(1)(a)(iii) did not apply as the assessee's return was complete. The writ appeal was dismissed, affirming the single judge's decision. Case-Laws Income Tax Fri, 10 Mar 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=15288