https://www.taxtmi.com/caselaws?id=16325 The HC ruled in favor of the Revenue, affirming the ITO's authority to reopen assessments under section 147(a) due to the assessee's failure to disclose all material facts, leading to income escaping assessment. The court determined that the assessees' duty to disclose is independent of the ITO's prior knowledge. The reference was disposed of without costs. en-us Tue, 03 Nov 1998 00:00:00 +0530 Sun, 22 Dec 2024 08:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=16325 The HC ruled in favor of the Revenue, affirming the ITO's authority to reopen assessments under section 147(a) due to the assessee's failure to disclose all material facts, leading to income escaping assessment. The court determined that the assessees' duty to disclose is independent of the ITO's prior knowledge. The reference was disposed of without costs. Case-Laws Income Tax Tue, 03 Nov 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=16325