High Court dismissed the appeal of the revenue on the ground that there was no failure to disclosure material facts. Followed CIT v. Rama Singh (2008) 306 ITR 343 (Raj.)(HC)
PCIT v. Mahendra Singh Asoliya. (2019) 107 taxmann.com / 264 Taxman 288 (Raj.)(HC) Editorial : SLP of revenue is dismissed, PCIT v. Mahendra Singh Asoliya. (2019) 264 Taxman 287 (SC)
S. 147 : Reassessment–No failure to disclose material facts– Reassessment is bad in law. [S. 148]