https://www.taxtmi.com/caselaws?id=35962 The High Court of Madhya Pradesh ruled in favor of the assessee, holding that the Income Tax Officer wrongly exercised jurisdiction in reopening the assessment under section 147(a) of the Income Tax Act, 1961. The court found that the assessee had fully disclosed all material facts necessary for assessment, including the additional construction, and thus, there was no valid reason for the reassessment. The Tribunal's decision to set aside the reassessment order was upheld, and each party was directed to bear their own costs. en-us Tue, 03 Feb 1981 00:00:00 +0530 Thu, 18 Mar 2010 11:57:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=35962 The High Court of Madhya Pradesh ruled in favor of the assessee, holding that the Income Tax Officer wrongly exercised jurisdiction in reopening the assessment under section 147(a) of the Income Tax Act, 1961. The court found that the assessee had fully disclosed all material facts necessary for assessment, including the additional construction, and thus, there was no valid reason for the reassessment. The Tribunal's decision to set aside the reassessment order was upheld, and each party was directed to bear their own costs. Case-Laws Income Tax Tue, 03 Feb 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=35962