https://www.taxtmi.com/caselaws?id=26657 Reopening under section 17 of the Wealth-tax Act, 1957 required a failure by the assessee to disclose fully and truly all material facts necessary for assessment. On the facts, the assessee's wealth had been assessed on the compensation then available, and the later enhancement of compensation by the civil court did not by itself show nondisclosure of a primary material fact. The pendency of the land acquisition reference likewise did not justify reopening completed assessments merely because the compensation was subsequently increased. The High Court held the reassessment notices without jurisdiction and quashed them. en-us Fri, 31 Jan 1986 00:00:00 +0530 Sat, 06 Feb 2010 15:54:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=26657 Reopening under section 17 of the Wealth-tax Act, 1957 required a failure by the assessee to disclose fully and truly all material facts necessary for assessment. On the facts, the assessee's wealth had been assessed on the compensation then available, and the later enhancement of compensation by the civil court did not by itself show nondisclosure of a primary material fact. The pendency of the land acquisition reference likewise did not justify reopening completed assessments merely because the compensation was subsequently increased. The High Court held the reassessment notices without jurisdiction and quashed them. Case-Laws Wealth-tax Fri, 31 Jan 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=26657