Supreme Court · 1976 INSC 288 · Decided 16 November 1976
Parashuram Pottery Works CO. LTD. v. Income Tax Officer, CIRCLE-1, Ward A, Rajkot, Gujarat
- Court
- Supreme Court of India
- Citation
- 1976 INSC 288 · [1977] 2 S.C.R. 92
- Case number
- CIVIL APPEAL No. 1792/1971
- Decided
- 16 November 1976
- Bench
- HANS RAJ KHANNA, V.R. KRISHNA IYER (2-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Civil
- Acts & sections cited
- Income Tax Act Section 147, 148, 149, 147(a)
Headnote
Income Tax Act, 1961-Secs. 147, 148, 149, lllcome Tax Act 1922-Sec. 10 (2) vi-Reopening of assessment-Omission 011 the part of assessee to disclose fully and truly all material facts-Duty to disclose primary facts-Duty to draw references of l.T.0.-Whether l.T.O. can correct his error or in his opinion in reopening proceedings. The appellant a Public Limited Company filed its Income Tax Return relat­ ing to the assessment years 1957-58 and 1959-60 tinder the Income Tax Act, 1922. The Income Tax Offieer passed assessment orders on 16-4-1959 and on 30-3-1961 respectively in
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