https://www.taxtmi.com/caselaws?id=37112 Reassessment under section 34(1)(a) of the Indian Income-tax Act, 1922 was unavailable where the assessee had already disclosed the primary facts relating to dividend income and the Income-tax Officer knew the accounting method adopted at the original assessment. The omission to show that income in the relevant year's return did not amount to failure to disclose fully and truly all material facts, because any escapement arose from the authority's legal inference from disclosed facts, not from nondisclosure by the assessee. On those facts, reassessment could not be sustained. en-us Thu, 30 Aug 1979 00:00:00 +0530 Fri, 26 Mar 2010 14:14:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=37112 Reassessment under section 34(1)(a) of the Indian Income-tax Act, 1922 was unavailable where the assessee had already disclosed the primary facts relating to dividend income and the Income-tax Officer knew the accounting method adopted at the original assessment. The omission to show that income in the relevant year's return did not amount to failure to disclose fully and truly all material facts, because any escapement arose from the authority's legal inference from disclosed facts, not from nondisclosure by the assessee. On those facts, reassessment could not be sustained. Case-Laws Income Tax Thu, 30 Aug 1979 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=37112