https://www.taxtmi.com/caselaws?id=17082 The High Court held that the reopening of assessment proceedings under s. 147(a) of the IT Act, 1961 was not justified. The Court found that the reassessment was based on information obtained after the assessment was completed, which did not constitute undisclosed material facts. As the assessee had fully disclosed relevant details, including the investment in the house property, the Court ruled in favor of the assessee, concluding that the reassessment was legally invalid. The application was disposed of accordingly. en-us Tue, 10 Mar 1998 00:00:00 +0530 Tue, 15 Sep 2009 11:16:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=17082 The High Court held that the reopening of assessment proceedings under s. 147(a) of the IT Act, 1961 was not justified. The Court found that the reassessment was based on information obtained after the assessment was completed, which did not constitute undisclosed material facts. As the assessee had fully disclosed relevant details, including the investment in the house property, the Court ruled in favor of the assessee, concluding that the reassessment was legally invalid. The application was disposed of accordingly. Case-Laws Income Tax Tue, 10 Mar 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=17082