Held that merely on the basis of General information from Investigation wing reassessment is not valid. There is no failure to disclose material facts. Reassessment was quashed. (AY. 2011-12)
Prakash Chand Kothari v. Dy. CIT (2022) 94 ITR 49 (Jaipur)(Trib.)
S. 147 : Reassessment-After the expiry of four years-Search and Seizure-General information from Investigation wing-No failure to disclose material facts-Re assessment not valid. [S. 148]