https://www.taxtmi.com/caselaws?id=404670 The court upheld the Assessing Officer's decision to reopen the assessment under Section 147 of the Income Tax Act, 1961, due to the petitioner's failure to disclose material facts fully and truly. The court emphasized the duty of the assessee to make full and true disclosure of all relevant facts, citing precedents. The petitioner's failure to disclose the true nature of certain expenditures and the nature of payments under the agreements led to the dismissal of the Writ Petition. The Assessing Officer was directed to pass a re-assessment order within three months, based on the reasons for the reopening communicated earlier. en-us Thu, 25 Feb 2021 00:00:00 +0530 Wed, 04 Aug 2021 17:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=404670 The court upheld the Assessing Officer's decision to reopen the assessment under Section 147 of the Income Tax Act, 1961, due to the petitioner's failure to disclose material facts fully and truly. The court emphasized the duty of the assessee to make full and true disclosure of all relevant facts, citing precedents. The petitioner's failure to disclose the true nature of certain expenditures and the nature of payments under the agreements led to the dismissal of the Writ Petition. The Assessing Officer was directed to pass a re-assessment order within three months, based on the reasons for the reopening communicated earlier. Case-Laws Income Tax Thu, 25 Feb 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=404670