https://www.taxtmi.com/caselaws?id=34346 The High Court upheld the Tribunal's decision to remand the case for proper reconciliation of discrepancies between receipts in TDS certificates and amounts credited in the profit and loss account. The Court validated the reopening of assessments due to non-disclosure of material facts by the assessee, beyond the limitation period. Emphasizing the need for full disclosure and proper documentation, the Court dismissed the appeals, ruling in favor of the revenue on jurisdiction and limitation issues, with no costs awarded. en-us Mon, 10 Aug 2009 00:00:00 +0530 Sat, 14 Aug 2010 13:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=34346 The High Court upheld the Tribunal's decision to remand the case for proper reconciliation of discrepancies between receipts in TDS certificates and amounts credited in the profit and loss account. The Court validated the reopening of assessments due to non-disclosure of material facts by the assessee, beyond the limitation period. Emphasizing the need for full disclosure and proper documentation, the Court dismissed the appeals, ruling in favor of the revenue on jurisdiction and limitation issues, with no costs awarded. Case-Laws Income Tax Mon, 10 Aug 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=34346