https://www.taxtmi.com/caselaws?id=15735 The court found that the petitioner had fully and truly disclosed all material facts necessary for assessment, and the Assessing Officer's failure to apply the correct legal principles did not justify reopening the assessments under section 147(a) of the Income-tax Act, 1961. Consequently, the court quashed all notices issued under section 148 and allowed the petitions, ruling in favor of the petitioner with no order as to costs. en-us Mon, 30 Aug 1999 00:00:00 +0530 Thu, 27 Aug 2009 13:34:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=15735 The court found that the petitioner had fully and truly disclosed all material facts necessary for assessment, and the Assessing Officer's failure to apply the correct legal principles did not justify reopening the assessments under section 147(a) of the Income-tax Act, 1961. Consequently, the court quashed all notices issued under section 148 and allowed the petitions, ruling in favor of the petitioner with no order as to costs. Case-Laws Income Tax Mon, 30 Aug 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=15735