https://www.taxtmi.com/caselaws?id=26897 The court held that the Income-tax Officer validly assumed jurisdiction to reopen the assessment under section 147(a) of the Income-tax Act, 1961, as the assessee failed to disclose material facts regarding a benami concern. Additionally, the court determined that a registered firm could be treated as a benami concern of an individual not listed as a partner, upholding the reassessments in favor of the Revenue. The assessee was directed to pay the Department's costs and counsel's fee of Rs. 500. en-us Mon, 29 Apr 1985 00:00:00 +0530 Tue, 09 Feb 2010 11:58:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=26897 The court held that the Income-tax Officer validly assumed jurisdiction to reopen the assessment under section 147(a) of the Income-tax Act, 1961, as the assessee failed to disclose material facts regarding a benami concern. Additionally, the court determined that a registered firm could be treated as a benami concern of an individual not listed as a partner, upholding the reassessments in favor of the Revenue. The assessee was directed to pay the Department's costs and counsel's fee of Rs. 500. Case-Laws Income Tax Mon, 29 Apr 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=26897