https://www.taxtmi.com/caselaws?id=29211 For reopening under Section 34(1)(a) of the Indian Income-tax Act, 1922, the assessee must disclose fully and truly all primary and material facts relevant to assessment, and mere production of books of account does not automatically discharge that duty. Whether disclosure was full and true depends on the nature of the facts and surrounding circumstances, and the Tribunal's finding on non-disclosure is ordinarily a finding of fact unless shown to be perverse or unsupported by evidence. On the facts found, the assessee had not drawn the Income-tax Officer's attention to material matters sufficient to bar reassessment, so the reassessment was held valid in favour of the Revenue. en-us Mon, 15 Jun 1981 00:00:00 +0530 Thu, 11 Mar 2010 14:05:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=29211 For reopening under Section 34(1)(a) of the Indian Income-tax Act, 1922, the assessee must disclose fully and truly all primary and material facts relevant to assessment, and mere production of books of account does not automatically discharge that duty. Whether disclosure was full and true depends on the nature of the facts and surrounding circumstances, and the Tribunal's finding on non-disclosure is ordinarily a finding of fact unless shown to be perverse or unsupported by evidence. On the facts found, the assessee had not drawn the Income-tax Officer's attention to material matters sufficient to bar reassessment, so the reassessment was held valid in favour of the Revenue. Case-Laws Income Tax Mon, 15 Jun 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=29211