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2011 (9) TMI 800 - KARNATAKA HIGH COURTReassessment - Addition - Time limitation - learned Counsel for the revenue assailing the impugned order contends that no doubt the assessee had annexed a note to the original return, but the contents of the note did not fully and truly set out the facts, which are required in law - It is for the Assessing Officer to reach the conclusion as to whether there was failure on the part of the assessee to disclose fully and truly all material facts necessary for his assessment for the-concerned assessment year - In the assessee's case, by failing to bring out the nexus between the 10A unit and the interest income, the assessee has not discharged its responsibility of furnishing full disclosure of facts - Assessing Authority has not properly applied his mind towards the statutory provisions and has not taken into consideration that the original assessment passed under Section 143(3) which was also reopened once and adjustment was made, It is for the second time, he was raising all these objections - Appeals are dismissed
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