https://www.taxtmi.com/caselaws?id=20188 The High Court upheld the decision of the Income-tax Officer in a case involving failure to disclose material facts for assessment under section 147(a) of the Income-tax Act. The Court found that the assessee, a registered firm, had not fully disclosed relevant information, leading to income escaping assessment. Despite the lack of initial inquiry by the Income-tax Officer, the Court supported the reassessment under section 147(a) based on the failure of the assessee to produce necessary evidence. The Court distinguished this case from those under section 147(b) and ruled in favor of the Revenue, affirming the validity of the reassessment. en-us Fri, 15 Oct 1993 00:00:00 +0530 Thu, 12 Nov 2009 13:04:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=20188 The High Court upheld the decision of the Income-tax Officer in a case involving failure to disclose material facts for assessment under section 147(a) of the Income-tax Act. The Court found that the assessee, a registered firm, had not fully disclosed relevant information, leading to income escaping assessment. Despite the lack of initial inquiry by the Income-tax Officer, the Court supported the reassessment under section 147(a) based on the failure of the assessee to produce necessary evidence. The Court distinguished this case from those under section 147(b) and ruled in favor of the Revenue, affirming the validity of the reassessment. Case-Laws Income Tax Fri, 15 Oct 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=20188