Supreme Court Sets Aside High Court Order and Remands Case for Determination of Reassessment Conditions Under Income Tax Act. The Court Found That the High Court Had Not Examined Whether Income Escaped Assessment Due to Assessee's Failure to Disclose Fully and Truly All Material Facts as Required Under Section 34(1)(a) of the Income Tax Act, 1922.
10 Feb 1969Background: The case arose from a challenge to reassessment notices issued under the Income Tax Act, 1961, by Modi Spinning & Weaving Mills Co. Ltd. a...




