https://www.taxtmi.com/caselaws?id=37189 Reassessment under section 147(a) is sustainable only where income escapes assessment because the assessee failed to disclose fully and truly all material facts. Where excess depreciation arose from the Income-tax Officer's own mistake in applying the depreciation limit, and not from any omission by the assessee, reopening could not be justified. The revisional order upholding reassessment was therefore treated as illegal and unsustainable, and the assessee succeeded. en-us Thu, 30 Nov 1978 00:00:00 +0530 Sat, 27 Mar 2010 11:53:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=37189 Reassessment under section 147(a) is sustainable only where income escapes assessment because the assessee failed to disclose fully and truly all material facts. Where excess depreciation arose from the Income-tax Officer's own mistake in applying the depreciation limit, and not from any omission by the assessee, reopening could not be justified. The revisional order upholding reassessment was therefore treated as illegal and unsustainable, and the assessee succeeded. Case-Laws Income Tax Thu, 30 Nov 1978 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=37189