https://www.taxtmi.com/caselaws?id=36452 The High Court of Allahabad upheld the validity of reassessment proceedings under section 147(a) of the Income-tax Act in the case of Hargovind Lal. The Court ruled in favor of the department, emphasizing the non-disclosure of material facts by the assessee and rejecting the argument that prior knowledge of the deposits should have prevented the reassessment. The Court found that the reopening of assessment was justified based on the undisclosed income identified in the factory's accounts under Hargovind Lal's name. en-us Wed, 12 Jul 1978 00:00:00 +0530 Mon, 22 Mar 2010 13:57:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=36452 The High Court of Allahabad upheld the validity of reassessment proceedings under section 147(a) of the Income-tax Act in the case of Hargovind Lal. The Court ruled in favor of the department, emphasizing the non-disclosure of material facts by the assessee and rejecting the argument that prior knowledge of the deposits should have prevented the reassessment. The Court found that the reopening of assessment was justified based on the undisclosed income identified in the factory's accounts under Hargovind Lal's name. Case-Laws Income Tax Wed, 12 Jul 1978 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=36452