High Court Justifies Reopening of Assessment Due to Undisclosed Payment of Rs. 2.57 Crores by Assessee.

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....Reopening of assessment - the assessee disclosed the initial payment of Rs. 28.65 lakhs on 9 December 1994, but carefully avoided disclosure of the fact that the payment of Rs. 2.57 crores was made only on 30 January 2004. - reassessment justified - HC....