https://www.taxtmi.com/caselaws?id=19927 The High Court upheld the Tribunal's decision, dismissing the petition challenging the validity of the notice under section 147(a) for the assessment year 1978-79. The Court found that there was no failure on the part of the assessee in disclosing material facts, rendering the notice invalid. It was determined that the refund granted by the Supreme Court was ex gratia and did not impact the computation of capital gains. The Court emphasized that the primary facts were disclosed, and no further legal scrutiny was necessary, affirming the self-evident nature of the case. en-us Thu, 28 Oct 1993 00:00:00 +0530 Tue, 10 Nov 2009 16:39:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=19927 The High Court upheld the Tribunal's decision, dismissing the petition challenging the validity of the notice under section 147(a) for the assessment year 1978-79. The Court found that there was no failure on the part of the assessee in disclosing material facts, rendering the notice invalid. It was determined that the refund granted by the Supreme Court was ex gratia and did not impact the computation of capital gains. The Court emphasized that the primary facts were disclosed, and no further legal scrutiny was necessary, affirming the self-evident nature of the case. Case-Laws Income Tax Thu, 28 Oct 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=19927