https://www.taxtmi.com/caselaws?id=37910 Reassessment under Sections 147 and 148 was held unsustainable where the assessee had already disclosed the primary facts concerning superannuation fund contributions, head office expenses, and depreciation on office machines, and the alleged escapement arose only from the assessing officer's inference or error. For the later years, the supposed public accounts committee material was not treated as valid fresh information because it lacked a real and relevant connection with the specific assessment years and did not justify the requisite belief for reopening. The reassessment notices were quashed and directed to be withdrawn and cancelled. en-us Wed, 08 Mar 1978 00:00:00 +0530 Thu, 01 Apr 2010 16:54:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=37910 Reassessment under Sections 147 and 148 was held unsustainable where the assessee had already disclosed the primary facts concerning superannuation fund contributions, head office expenses, and depreciation on office machines, and the alleged escapement arose only from the assessing officer's inference or error. For the later years, the supposed public accounts committee material was not treated as valid fresh information because it lacked a real and relevant connection with the specific assessment years and did not justify the requisite belief for reopening. The reassessment notices were quashed and directed to be withdrawn and cancelled. Case-Laws Income Tax Wed, 08 Mar 1978 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=37910