Court Rules No Legal Duty for Taxpayer to Disclose Property Purchase; Reopening of Assessment Unwarranted.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Reopening of assessment - disclosure of the purchase of the property was not made in his return of income - In the absence of any legal obligation on the assessee to disclose about the purchase of property in his return of income, it cannot be said that the assessee had concealed any income - HC....