Reopening U/s. 147 valid if assessee fails to furnish primary facts

HIGH COURT OF DELHI Remfry & Sagar versus Commissioner of Income-tax W.P. (C) Nos. 8375 TO 8378 of 2010 JANUARY  17, 2013 ORDER R.V. Easwar, J. These are four writ petitions filed by the petitioner seeking quashing of the notices issued under section 148 of the Income Tax Act, 1961 (‘Act’, for short) and all proceedings consequent thereto. 2. The petitioner is a law firm specialising in intellectual property and corporate laws. It was founded in 1827 by one Henry Oliver at Calcutta. In the year 1957 certain Englishmen took over the firm. By deed dated 04.04.19...