https://www.taxtmi.com/caselaws?id=202272 Reassessment beyond four years is valid only if the assessee failed to disclose fully and truly all material facts; where the relevant figures, computations and basis of loss were already disclosed, reopening is not permitted and the notices fail. Even within four years, reassessment must rest on tangible new material and a reason to believe, not a mere change of opinion on matters already examined in the original assessment. On that basis, the reopening notices were held unsustainable across all years. en-us Tue, 09 Mar 2010 00:00:00 +0530 Mon, 17 Nov 2025 15:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=202272 Reassessment beyond four years is valid only if the assessee failed to disclose fully and truly all material facts; where the relevant figures, computations and basis of loss were already disclosed, reopening is not permitted and the notices fail. Even within four years, reassessment must rest on tangible new material and a reason to believe, not a mere change of opinion on matters already examined in the original assessment. On that basis, the reopening notices were held unsustainable across all years. Case-Laws Income Tax Tue, 09 Mar 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=202272