https://www.taxtmi.com/caselaws?id=16997 The court upheld the Tribunal's decision, finding that re-assessment proceedings were justified under Section 147(a) of the Income-tax Act due to the assessee's failure to disclose all material facts, specifically regarding non-business expenses related to guest houses. The court agreed that the assessee did not provide all primary facts necessary for a proper assessment, supporting the re-opening of the assessment. Precedents cited by the assessee were distinguished, emphasizing the requirement of disclosing material facts for Section 147(a) to apply. The court ruled in favor of the Revenue, affirming the validity of the re-assessment proceedings. en-us Thu, 11 Sep 1997 00:00:00 +0530 Mon, 14 Sep 2009 15:16:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=16997 The court upheld the Tribunal's decision, finding that re-assessment proceedings were justified under Section 147(a) of the Income-tax Act due to the assessee's failure to disclose all material facts, specifically regarding non-business expenses related to guest houses. The court agreed that the assessee did not provide all primary facts necessary for a proper assessment, supporting the re-opening of the assessment. Precedents cited by the assessee were distinguished, emphasizing the requirement of disclosing material facts for Section 147(a) to apply. The court ruled in favor of the Revenue, affirming the validity of the re-assessment proceedings. Case-Laws Income Tax Thu, 11 Sep 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=16997