https://www.taxtmi.com/caselaws?id=36550 The court upheld the reassessment under section 147(a) of the Income-tax Act, finding that the assessee failed to fully disclose material facts, leading to an escapement of income. The court emphasized the importance of disclosing all relevant information for accurate assessment. The reassessment was deemed justified, and costs were awarded to the department. en-us Fri, 20 Aug 1976 00:00:00 +0530 Tue, 23 Mar 2010 11:16:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=36550 The court upheld the reassessment under section 147(a) of the Income-tax Act, finding that the assessee failed to fully disclose material facts, leading to an escapement of income. The court emphasized the importance of disclosing all relevant information for accurate assessment. The reassessment was deemed justified, and costs were awarded to the department. Case-Laws Income Tax Fri, 20 Aug 1976 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=36550