https://www.taxtmi.com/caselaws?id=25609 Reassessment under Section 147 was invalid because the assessee had disclosed all primary facts with the return and there was no failure to disclose fully and truly material facts. The original assessment had been completed under Section 143(1), and reopening was based on information about a higher sale value disclosed by the purchaser of the lorry. Once the primary facts were on record, the Assessing Officer was required to make the necessary enquiries, and a mere failure to draw the correct inference could not justify reopening. The reopening was therefore not in order. en-us Thu, 11 Sep 1986 00:00:00 +0530 Fri, 29 Jan 2010 16:59:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=25609 Reassessment under Section 147 was invalid because the assessee had disclosed all primary facts with the return and there was no failure to disclose fully and truly material facts. The original assessment had been completed under Section 143(1), and reopening was based on information about a higher sale value disclosed by the purchaser of the lorry. Once the primary facts were on record, the Assessing Officer was required to make the necessary enquiries, and a mere failure to draw the correct inference could not justify reopening. The reopening was therefore not in order. Case-Laws Income Tax Thu, 11 Sep 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=25609