https://www.taxtmi.com/caselaws?id=36330 The court held that the notices issued by the ITO/WTO for reopening assessments were without jurisdiction as the petitioner had disclosed all material facts, including the disputed interest on compensation. The court emphasized the duty of the assessee to disclose relevant facts and ruled that reassessment based on oversight when primary facts were already known to the tax authorities was impermissible. The notices were quashed, and costs were awarded to the petitioner, with a refund of the security deposit ordered. en-us Tue, 12 Aug 1980 00:00:00 +0530 Sat, 20 Mar 2010 17:13:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=36330 The court held that the notices issued by the ITO/WTO for reopening assessments were without jurisdiction as the petitioner had disclosed all material facts, including the disputed interest on compensation. The court emphasized the duty of the assessee to disclose relevant facts and ruled that reassessment based on oversight when primary facts were already known to the tax authorities was impermissible. The notices were quashed, and costs were awarded to the petitioner, with a refund of the security deposit ordered. Case-Laws Income Tax Tue, 12 Aug 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=36330