https://www.taxtmi.com/caselaws?id=216588 The High Court ruled in favor of the petitioner, holding that the notice for reopening assessment beyond four years was impermissible as there was no failure on the part of the assessee to disclose all material facts necessary for assessment. The court emphasized the duty of the assessee to provide necessary material during the original assessment and the Assessing Officer's obligation to inquire further based on such disclosures. Consequently, the court quashed the reopening of the assessment, emphasizing the importance of full disclosure by the assessee and proper justification by the Assessing Officer. en-us Mon, 02 Jul 2012 00:00:00 +0530 Thu, 13 Sep 2012 13:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=216588 The High Court ruled in favor of the petitioner, holding that the notice for reopening assessment beyond four years was impermissible as there was no failure on the part of the assessee to disclose all material facts necessary for assessment. The court emphasized the duty of the assessee to provide necessary material during the original assessment and the Assessing Officer's obligation to inquire further based on such disclosures. Consequently, the court quashed the reopening of the assessment, emphasizing the importance of full disclosure by the assessee and proper justification by the Assessing Officer. Case-Laws Income Tax Mon, 02 Jul 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=216588