https://www.taxtmi.com/caselaws?id=26428 The High Court ruled in favor of the assessee, finding that the reassessment proceedings were not valid due to the lack of full and true disclosure of material facts during the original assessment. The court emphasized the importance of complete disclosure by the assessee to prevent the need for reassessment and upheld the assessing authority's right to initiate reassessment only when there is a failure to disclose all relevant information. en-us Thu, 19 Sep 1985 00:00:00 +0530 Thu, 04 Feb 2010 18:39:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=26428 The High Court ruled in favor of the assessee, finding that the reassessment proceedings were not valid due to the lack of full and true disclosure of material facts during the original assessment. The court emphasized the importance of complete disclosure by the assessee to prevent the need for reassessment and upheld the assessing authority's right to initiate reassessment only when there is a failure to disclose all relevant information. Case-Laws Income Tax Thu, 19 Sep 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=26428