https://www.taxtmi.com/caselaws?id=206751 The court dismissed the writ petition, upholding the validity of the reassessment notice under Sections 147/148 of the Income Tax Act. The court determined that there was no change of opinion by the Assessing Officer and found that the petitioner failed to fully and truly disclose material facts during the original assessment. Despite the notice being issued after four years, the court deemed it valid due to the assessee's failure to disclose necessary information. The court's decision emphasized the importance of full disclosure by the assessee and affirmed the legality of the reassessment in this case. en-us Mon, 26 Sep 2011 00:00:00 +0530 Mon, 27 Apr 2026 15:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=206751 The court dismissed the writ petition, upholding the validity of the reassessment notice under Sections 147/148 of the Income Tax Act. The court determined that there was no change of opinion by the Assessing Officer and found that the petitioner failed to fully and truly disclose material facts during the original assessment. Despite the notice being issued after four years, the court deemed it valid due to the assessee's failure to disclose necessary information. The court's decision emphasized the importance of full disclosure by the assessee and affirmed the legality of the reassessment in this case. Case-Laws Income Tax Mon, 26 Sep 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=206751