https://www.taxtmi.com/caselaws?id=37311 The Court upheld the validity of the notice under s. 148 of the I.T. Act, 1961, and the formation of the requisite belief for action under s. 147(a). It found that the assessing officer had valid reasons supported by the material provided, justifying the reassessment. The Court emphasized the duty of the assessee to fully disclose all relevant facts for assessment and validated the Commissioner's sanction for reopening the assessment. The appeal was dismissed, with no order as to costs. en-us Tue, 11 Oct 1977 00:00:00 +0530 Mon, 29 Mar 2010 10:29:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=37311 The Court upheld the validity of the notice under s. 148 of the I.T. Act, 1961, and the formation of the requisite belief for action under s. 147(a). It found that the assessing officer had valid reasons supported by the material provided, justifying the reassessment. The Court emphasized the duty of the assessee to fully disclose all relevant facts for assessment and validated the Commissioner's sanction for reopening the assessment. The appeal was dismissed, with no order as to costs. Case-Laws Income Tax Tue, 11 Oct 1977 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=37311