https://www.taxtmi.com/caselaws?id=60298 Reassessment may be validly initiated when material already on record later acquires legal significance, even if the notice was originally framed under a different clause, and the reopening can be sustained on the clause supported by that material. Here, reconciliation of the balance sheet, disclosure certificate, and wealth-tax records provided information for reopening, so the reassessment was upheld. Unexplained jewellery not covered by the disclosure certificate and not supported by satisfactory evidence of acquisition or source may be treated as income from undisclosed sources under section 69A, and the addition was sustained for the balance jewellery. en-us Tue, 31 Oct 1989 00:00:00 +0530 Sun, 06 Feb 2011 03:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=60298 Reassessment may be validly initiated when material already on record later acquires legal significance, even if the notice was originally framed under a different clause, and the reopening can be sustained on the clause supported by that material. Here, reconciliation of the balance sheet, disclosure certificate, and wealth-tax records provided information for reopening, so the reassessment was upheld. Unexplained jewellery not covered by the disclosure certificate and not supported by satisfactory evidence of acquisition or source may be treated as income from undisclosed sources under section 69A, and the addition was sustained for the balance jewellery. Case-Laws Income Tax Tue, 31 Oct 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=60298