https://www.taxtmi.com/caselaws?id=371698 The court upheld the reopening of the assessment under Section 147 of the Income Tax Act, 1961, as the assessee failed to fully disclose material facts. The reassessment was deemed valid, not constituting a change of opinion, with adequate reasons provided by the Assessing Officer. The court dismissed the Writ Appeal, affirming the necessity of reassessment due to the undisclosed advances, closing the connected Miscellaneous Petitions. en-us Mon, 03 Dec 2018 00:00:00 +0530 Thu, 20 Dec 2018 16:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=371698 The court upheld the reopening of the assessment under Section 147 of the Income Tax Act, 1961, as the assessee failed to fully disclose material facts. The reassessment was deemed valid, not constituting a change of opinion, with adequate reasons provided by the Assessing Officer. The court dismissed the Writ Appeal, affirming the necessity of reassessment due to the undisclosed advances, closing the connected Miscellaneous Petitions. Case-Laws Income Tax Mon, 03 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=371698