https://www.taxtmi.com/caselaws?id=38015 Reassessment under the Income-tax Act cannot be validly initiated unless the record shows that the assessee failed to disclose fully and truly all material facts necessary for assessment. Where the bank pass books and related account materials were produced in the original assessment and that position was not controverted by any affidavit from the assessing officer, the alleged non-disclosure cannot be attributed to the assessee. The statutory precondition for reopening was therefore not satisfied, so the reassessment notice lacked legal foundation and the proceedings based on it were quashed as without jurisdiction. en-us Mon, 08 Sep 1975 00:00:00 +0530 Fri, 02 Apr 2010 15:31:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=38015 Reassessment under the Income-tax Act cannot be validly initiated unless the record shows that the assessee failed to disclose fully and truly all material facts necessary for assessment. Where the bank pass books and related account materials were produced in the original assessment and that position was not controverted by any affidavit from the assessing officer, the alleged non-disclosure cannot be attributed to the assessee. The statutory precondition for reopening was therefore not satisfied, so the reassessment notice lacked legal foundation and the proceedings based on it were quashed as without jurisdiction. Case-Laws Income Tax Mon, 08 Sep 1975 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=38015