https://www.taxtmi.com/caselaws?id=289632 Mere production of account books did not amount to full and true disclosure of cash-credit entries unless the assessee specifically drew the Income-tax Officer's attention to them and disclosed their nature and amount. On that basis, the condition for reassessment under section 34(1)(a) of the Income-tax Act, 1922 was satisfied. The reassessment was also held to be within limitation, as the assessment was completed within eight years from the end of the relevant assessment year and, in any event, the matter fell within section 28(1)(c) read with section 34(2), which also permitted completion within eight years. en-us Wed, 11 Apr 1962 00:00:00 +0530 Mon, 10 Aug 2020 13:57:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=289632 Mere production of account books did not amount to full and true disclosure of cash-credit entries unless the assessee specifically drew the Income-tax Officer's attention to them and disclosed their nature and amount. On that basis, the condition for reassessment under section 34(1)(a) of the Income-tax Act, 1922 was satisfied. The reassessment was also held to be within limitation, as the assessment was completed within eight years from the end of the relevant assessment year and, in any event, the matter fell within section 28(1)(c) read with section 34(2), which also permitted completion within eight years. Case-Laws Income Tax Wed, 11 Apr 1962 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=289632