https://www.taxtmi.com/caselaws?id=17459 A reassessment based on alleged non-disclosure could not be sustained where the assessment records showed that balance-sheets and relevant particulars had already been furnished and the original valuation had been accepted on that basis. The alternative statutory ground, based on information allegedly already in the officer's possession, was not pleaded, investigated, or made the basis of the reassessment before the lower authorities. In reference jurisdiction, a new factual or legal foundation requiring record support cannot be introduced for the first time. On that footing, the Tribunal's cancellation of the reassessment was upheld and the matter was decided in favour of the assessee. en-us Wed, 26 Jun 1996 00:00:00 +0530 Tue, 22 Sep 2009 15:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=17459 A reassessment based on alleged non-disclosure could not be sustained where the assessment records showed that balance-sheets and relevant particulars had already been furnished and the original valuation had been accepted on that basis. The alternative statutory ground, based on information allegedly already in the officer's possession, was not pleaded, investigated, or made the basis of the reassessment before the lower authorities. In reference jurisdiction, a new factual or legal foundation requiring record support cannot be introduced for the first time. On that footing, the Tribunal's cancellation of the reassessment was upheld and the matter was decided in favour of the assessee. Case-Laws Income Tax Wed, 26 Jun 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=17459