https://www.taxtmi.com/caselaws?id=58336 The reopening of the assessment under Section 147 was held invalid as the assessee had disclosed all material facts necessary for proper assessment. The addition of Rs. 1 lakh claimed as a gift received from abroad was upheld based on consistency with previous cases. The additions of undisclosed loans and interest were partly upheld, with specific items deleted and others restored for re-quantification by the Tribunal. en-us Mon, 17 Dec 1990 00:00:00 +0530 Sat, 18 Dec 2010 15:24:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=58336 The reopening of the assessment under Section 147 was held invalid as the assessee had disclosed all material facts necessary for proper assessment. The addition of Rs. 1 lakh claimed as a gift received from abroad was upheld based on consistency with previous cases. The additions of undisclosed loans and interest were partly upheld, with specific items deleted and others restored for re-quantification by the Tribunal. Case-Laws Income Tax Mon, 17 Dec 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=58336