https://www.taxtmi.com/caselaws?id=219242 The court upheld the reassessment proceedings for the assessment years 2002-03 and 2003-04 due to the petitioner's failure to fully disclose material facts. However, the reassessment proceedings for the assessment years 2004-05 and 2005-06 were quashed as they were based on a change of opinion. The court emphasized the significance of full disclosure and distinguished between a change of opinion and new factual information in reassessment proceedings. en-us Tue, 04 Dec 2012 00:00:00 +0530 Sun, 09 Dec 2012 19:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=219242 The court upheld the reassessment proceedings for the assessment years 2002-03 and 2003-04 due to the petitioner's failure to fully disclose material facts. However, the reassessment proceedings for the assessment years 2004-05 and 2005-06 were quashed as they were based on a change of opinion. The court emphasized the significance of full disclosure and distinguished between a change of opinion and new factual information in reassessment proceedings. Case-Laws Income Tax Tue, 04 Dec 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=219242