https://www.taxtmi.com/caselaws?id=19908 The court dismissed the writ petition challenging a notice under section 148 of the Income-tax Act, 1961 for the assessment year 1987-88, emphasizing the duty of the assessee to disclose all primary facts relevant to assessment. The court held that the Assessing Officer had sufficient grounds to initiate proceedings under section 147(a) due to the non-disclosure of the cost of acquisition, as the disclosure of trust and assignment deeds did not constitute full disclosure. The judgment stressed the importance of full and true disclosure of material facts by the assessee for a fair assessment process, allowing the petitioner to raise queries before income-tax authorities. en-us Mon, 04 Jul 1994 00:00:00 +0530 Tue, 10 Nov 2009 15:37:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=19908 The court dismissed the writ petition challenging a notice under section 148 of the Income-tax Act, 1961 for the assessment year 1987-88, emphasizing the duty of the assessee to disclose all primary facts relevant to assessment. The court held that the Assessing Officer had sufficient grounds to initiate proceedings under section 147(a) due to the non-disclosure of the cost of acquisition, as the disclosure of trust and assignment deeds did not constitute full disclosure. The judgment stressed the importance of full and true disclosure of material facts by the assessee for a fair assessment process, allowing the petitioner to raise queries before income-tax authorities. Case-Laws Income Tax Mon, 04 Jul 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=19908