https://www.taxtmi.com/caselaws?id=216234 HC upheld reopening of assessment beyond four years, finding the AO's recorded reasons showed escapement of income due to non-disclosure of shareholding in SDBL and resulting deemed dividend. The discrepancy surfaced during assessment of a later year (2006-07) when inquiry revealed a 22.3% shareholding; the petitioner failed to disclose these details in the original 2003-04 proceedings. On that basis and absent evidence to the contrary, the reassessment was sustained. en-us Tue, 01 Mar 2011 00:00:00 +0530 Sat, 23 Aug 2025 12:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=216234 HC upheld reopening of assessment beyond four years, finding the AO's recorded reasons showed escapement of income due to non-disclosure of shareholding in SDBL and resulting deemed dividend. The discrepancy surfaced during assessment of a later year (2006-07) when inquiry revealed a 22.3% shareholding; the petitioner failed to disclose these details in the original 2003-04 proceedings. On that basis and absent evidence to the contrary, the reassessment was sustained. Case-Laws Income Tax Tue, 01 Mar 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=216234