https://www.taxtmi.com/caselaws?id=461784 The HC allowed the writ petition challenging the rejection of objections to Section 148 notice. The assessee had filed returns, replied to the notice, and submitted objections which were rejected by the Assessing Authority. The court held that once the assessee disclosed all primary facts through Form-2 and provided explanations, Section 147 requirements were satisfied. Following GKN Driveshafts precedent, the court ruled that assessee cannot be expected to draw inferences from disclosed facts, only to provide complete material facts. The Assessing Authority's rejection order was contrary to established SC principles regarding disclosure obligations under Section 147. en-us Wed, 30 Oct 2019 00:00:00 +0530 Mon, 28 Apr 2025 19:07:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=461784 The HC allowed the writ petition challenging the rejection of objections to Section 148 notice. The assessee had filed returns, replied to the notice, and submitted objections which were rejected by the Assessing Authority. The court held that once the assessee disclosed all primary facts through Form-2 and provided explanations, Section 147 requirements were satisfied. Following GKN Driveshafts precedent, the court ruled that assessee cannot be expected to draw inferences from disclosed facts, only to provide complete material facts. The Assessing Authority's rejection order was contrary to established SC principles regarding disclosure obligations under Section 147. Case-Laws Income Tax Wed, 30 Oct 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=461784