https://www.taxtmi.com/caselaws?id=36552 Reopening under section 34(1)(a) can be sustained only where escapement of income results from the assessee's failure to disclose fully and truly all material facts necessary for the original assessment. The Tribunal had not recorded any finding on that statutory condition and had disposed of the reference only on the absence of excessive depreciation. The matter was therefore remanded for a finding on whether there was any failure or omission to disclose material facts and whether income had escaped assessment as a consequence. en-us Wed, 16 Apr 1980 00:00:00 +0530 Tue, 23 Mar 2010 11:20:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=36552 Reopening under section 34(1)(a) can be sustained only where escapement of income results from the assessee's failure to disclose fully and truly all material facts necessary for the original assessment. The Tribunal had not recorded any finding on that statutory condition and had disposed of the reference only on the absence of excessive depreciation. The matter was therefore remanded for a finding on whether there was any failure or omission to disclose material facts and whether income had escaped assessment as a consequence. Case-Laws Income Tax Wed, 16 Apr 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=36552