https://www.taxtmi.com/caselaws?id=39311 Section 34(1)(a) of the Indian Income-tax Act, 1922 did not permit reassessment where the Income-tax Officer had already obtained the primary facts about the cash credits before the assessment was completed. Once the dates, nature and source of the credits were before the assessing authority, it was for him to draw the proper legal and factual inferences; the assessee was not bound to repeat facts already known to the department. The burden remained on the department to show that any escapement of income resulted from the assessee's failure to disclose fully and truly all material facts. Reassessment was therefore barred by limitation. en-us Thu, 15 Feb 1973 00:00:00 +0530 Thu, 15 Apr 2010 15:05:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=39311 Section 34(1)(a) of the Indian Income-tax Act, 1922 did not permit reassessment where the Income-tax Officer had already obtained the primary facts about the cash credits before the assessment was completed. Once the dates, nature and source of the credits were before the assessing authority, it was for him to draw the proper legal and factual inferences; the assessee was not bound to repeat facts already known to the department. The burden remained on the department to show that any escapement of income resulted from the assessee's failure to disclose fully and truly all material facts. Reassessment was therefore barred by limitation. Case-Laws Income Tax Thu, 15 Feb 1973 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=39311