https://www.taxtmi.com/article/detailed?id=5340 Reassessment beyond the temporal limit is permitted only when the assessing officer reasonably believes that income chargeable to tax has escaped assessment due to the assessee's failure to disclose fully and truly all material facts; the officer must record reasons for this satisfaction. Courts have held that where primary facts and supporting materials were placed before the assessing officer at original assessment, subsequent reopening beyond the time limit is without jurisdiction, and mere change of opinion or audit-initiated queries do not validate reassessment. en-us Fri, 01 Nov 2013 08:03:34 +0530 Fri, 01 Nov 2013 08:03:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=5340 Reassessment beyond the temporal limit is permitted only when the assessing officer reasonably believes that income chargeable to tax has escaped assessment due to the assessee's failure to disclose fully and truly all material facts; the officer must record reasons for this satisfaction. Courts have held that where primary facts and supporting materials were placed before the assessing officer at original assessment, subsequent reopening beyond the time limit is without jurisdiction, and mere change of opinion or audit-initiated queries do not validate reassessment. Articles Income Tax Fri, 01 Nov 2013 08:03:34 +0530 https://www.taxtmi.com/article/detailed?id=5340