https://www.taxtmi.com/caselaws?id=25545 A reassessment notice under the Wealth-tax Act was considered unsustainable where the Revenue lacked jurisdictional material to believe that the assessee had failed to disclose fully and truly all particulars for the relevant year. The later sale of the property and a disclosure under the Voluntary Disclosure Scheme could not retrospectively establish nondisclosure for the earlier assessment year, and protected disclosure material could not be relied on to reopen a concluded assessment beyond limitation. On those grounds, writ interference under article 226 was warranted and the reopening notices were liable to be quashed. en-us Tue, 16 Dec 1986 00:00:00 +0530 Fri, 29 Jan 2010 13:24:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=25545 A reassessment notice under the Wealth-tax Act was considered unsustainable where the Revenue lacked jurisdictional material to believe that the assessee had failed to disclose fully and truly all particulars for the relevant year. The later sale of the property and a disclosure under the Voluntary Disclosure Scheme could not retrospectively establish nondisclosure for the earlier assessment year, and protected disclosure material could not be relied on to reopen a concluded assessment beyond limitation. On those grounds, writ interference under article 226 was warranted and the reopening notices were liable to be quashed. Case-Laws Wealth-tax Tue, 16 Dec 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=25545