https://www.taxtmi.com/caselaws?id=216525 The court held that the reopening of the assessment beyond four years was invalid as the assessee had fully and truly disclosed all material facts. The court emphasized that for reopening beyond four years, it must be shown that income escaped assessment due to the assessee's failure to disclose material facts, which was not the case here. As a result, the court quashed the reopening notices and allowed the petitions, ruling in favor of the assessee without costs. en-us Mon, 03 Sep 2012 00:00:00 +0530 Sat, 29 Jun 2013 18:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=216525 The court held that the reopening of the assessment beyond four years was invalid as the assessee had fully and truly disclosed all material facts. The court emphasized that for reopening beyond four years, it must be shown that income escaped assessment due to the assessee's failure to disclose material facts, which was not the case here. As a result, the court quashed the reopening notices and allowed the petitions, ruling in favor of the assessee without costs. Case-Laws Income Tax Mon, 03 Sep 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=216525