https://www.taxtmi.com/caselaws?id=39445 Proceedings for reassessment under section 34(1)(a) were invalid where the assessing officer already knew the primary facts before the original assessment, including the police raid, seizure of books, the alleged cash discovery and the assessee's explanation. The governing requirement is not merely escapement of income, but escapement caused by the assessee's failure to disclose fully and truly all material facts necessary for assessment. Once those primary facts are already before the authority from any source, no further disclosure by the assessee is required. The later reassessment was based only on a fresh inference from the same material, not on any new non-disclosure, and was therefore not in accordance with law. en-us Fri, 14 Feb 1975 00:00:00 +0530 Fri, 16 Apr 2010 15:20:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=39445 Proceedings for reassessment under section 34(1)(a) were invalid where the assessing officer already knew the primary facts before the original assessment, including the police raid, seizure of books, the alleged cash discovery and the assessee's explanation. The governing requirement is not merely escapement of income, but escapement caused by the assessee's failure to disclose fully and truly all material facts necessary for assessment. Once those primary facts are already before the authority from any source, no further disclosure by the assessee is required. The later reassessment was based only on a fresh inference from the same material, not on any new non-disclosure, and was therefore not in accordance with law. Case-Laws Income Tax Fri, 14 Feb 1975 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=39445