https://www.taxtmi.com/caselaws?id=21463 The court held that the Income-tax Officer was not justified in reopening the assessment under section 147(a) of the Income-tax Act, 1961. It was found that the assessee had disclosed all primary facts necessary for assessment, and the failure to provide balance-sheets was not deemed a material non-disclosure. The court ruled in favor of the assessee, concluding that the reassessment under section 147(a) was unwarranted. en-us Mon, 03 Aug 1992 00:00:00 +0530 Thu, 15 Mar 2018 16:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=21463 The court held that the Income-tax Officer was not justified in reopening the assessment under section 147(a) of the Income-tax Act, 1961. It was found that the assessee had disclosed all primary facts necessary for assessment, and the failure to provide balance-sheets was not deemed a material non-disclosure. The court ruled in favor of the assessee, concluding that the reassessment under section 147(a) was unwarranted. Case-Laws Income Tax Mon, 03 Aug 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=21463