S.C : reopening of assessment justified if assessee did not disclose all facts during assessment proceeding.

Supreme Court Of India

Honda Siel Power Products Ltd. vs. DCIT

Assessment Year : 2000-01

Section : 14A, 147

S.H. Kapadia, Cj K.S. Radhakrishnan And Swatanter Kumar, JJ.

Petition For Special Leave To Appeal (Civil) No. 19085 Of 2011

July 29, 2011


1. In our view, the reopening of assessment is fully justified on the facts and circumstances of the case. However, on the merits of the case, it would be open to the assessee to raise all contentions with regard to the amount of Rs. 98.46 lakhs being offered for tax as well as its contention on section 14A of the Income-tax Act, 1961.

2. Subject to the above, the special leave petition is dismissed.

[Citation : 340 ITR 64]

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