https://www.taxtmi.com/caselaws?id=30775 The court dismissed the application, emphasizing the importance of disclosing material facts for assessment purposes under section 147(a) of the Income Tax Act. It clarified that disclosing refunded amounts and reasons sufficed, without the need to disclose customer names. The court underscored the focus on relevant disclosures enabling Assessing Officers to conduct inquiries, rather than irrelevant details like customer names or pending litigation specifics. The judgment highlighted the significance of accurate and sufficient disclosures in assessment proceedings, based on the interpretation of "full and true" disclosure requirements. en-us Tue, 15 May 2007 00:00:00 +0530 Tue, 23 Sep 2008 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=30775 The court dismissed the application, emphasizing the importance of disclosing material facts for assessment purposes under section 147(a) of the Income Tax Act. It clarified that disclosing refunded amounts and reasons sufficed, without the need to disclose customer names. The court underscored the focus on relevant disclosures enabling Assessing Officers to conduct inquiries, rather than irrelevant details like customer names or pending litigation specifics. The judgment highlighted the significance of accurate and sufficient disclosures in assessment proceedings, based on the interpretation of "full and true" disclosure requirements. Case-Laws Income Tax Tue, 15 May 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=30775