https://www.taxtmi.com/caselaws?id=174370 Reassessment initiated beyond four years was invalid because the recorded reasons did not specifically show that escapement of income resulted from the assessee's failure to fully and truly disclose all material facts. General references to a list and alleged accommodation entries, without particulars or supporting assessment-record material, were held too vague to satisfy the proviso to Section 147 or the statutory requirement of reasons to believe. The reopening therefore lacked jurisdiction and could not be sustained. en-us Tue, 30 Oct 2012 00:00:00 +0530 Sat, 03 Jun 2017 17:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=174370 Reassessment initiated beyond four years was invalid because the recorded reasons did not specifically show that escapement of income resulted from the assessee's failure to fully and truly disclose all material facts. General references to a list and alleged accommodation entries, without particulars or supporting assessment-record material, were held too vague to satisfy the proviso to Section 147 or the statutory requirement of reasons to believe. The reopening therefore lacked jurisdiction and could not be sustained. Case-Laws Income Tax Tue, 30 Oct 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=174370