https://www.taxtmi.com/caselaws?id=60183 The Appellate Tribunal ITAT CALCUTTA-B dismissed the Revenue's appeals against the AAC's decision to cancel reassessment orders for an individual's net wealth for 1965-66 and 1966-67. The reassessments were deemed improper as the assessee had fully disclosed all relevant details in the original returns, and there was no failure to disclose material facts. The Tribunal emphasized the importance of accurate valuation based on disclosed facts and upheld the AAC's ruling, highlighting the assessee's duty of full and true disclosure. en-us Fri, 30 Jan 1981 00:00:00 +0530 Tue, 04 Jan 2011 11:39:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=60183 The Appellate Tribunal ITAT CALCUTTA-B dismissed the Revenue's appeals against the AAC's decision to cancel reassessment orders for an individual's net wealth for 1965-66 and 1966-67. The reassessments were deemed improper as the assessee had fully disclosed all relevant details in the original returns, and there was no failure to disclose material facts. The Tribunal emphasized the importance of accurate valuation based on disclosed facts and upheld the AAC's ruling, highlighting the assessee's duty of full and true disclosure. Case-Laws Wealth-tax Fri, 30 Jan 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=60183