https://www.taxtmi.com/caselaws?id=283546 The Supreme Court upheld the High Court's decision to decline an application for reference under the Income-tax Act, emphasizing the assessee's duty to disclose all primary facts for accurate assessment. The Court stressed the significance of disclosing material facts to prevent underassessment, highlighting the obligation to provide complete and accurate information to the assessing authority. The appeals were dismissed without costs, underscoring the importance of full disclosure in reassessment proceedings to ensure adherence to legal provisions and precedents. en-us Wed, 12 Mar 1986 00:00:00 +0530 Fri, 27 Sep 2019 17:59:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=283546 The Supreme Court upheld the High Court's decision to decline an application for reference under the Income-tax Act, emphasizing the assessee's duty to disclose all primary facts for accurate assessment. The Court stressed the significance of disclosing material facts to prevent underassessment, highlighting the obligation to provide complete and accurate information to the assessing authority. The appeals were dismissed without costs, underscoring the importance of full disclosure in reassessment proceedings to ensure adherence to legal provisions and precedents. Case-Laws Income Tax Wed, 12 Mar 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=283546