https://www.taxtmi.com/caselaws?id=269530 Reassessment under Section 147 cannot rest on a mere change of view on the same material; where reopening is founded only on alleged ineligibility for Section 10B deduction without fresh tangible material, it is unsustainable. For assessments completed after four years, reopening also requires a recorded failure by the assessee to disclose fully and truly all material facts, and the absence of that jurisdictional finding or supporting material bars the notices. On both grounds, the reassessment notices and rejection of objections could not survive. en-us Tue, 13 Oct 2015 00:00:00 +0530 Tue, 15 Dec 2015 22:42:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=269530 Reassessment under Section 147 cannot rest on a mere change of view on the same material; where reopening is founded only on alleged ineligibility for Section 10B deduction without fresh tangible material, it is unsustainable. For assessments completed after four years, reopening also requires a recorded failure by the assessee to disclose fully and truly all material facts, and the absence of that jurisdictional finding or supporting material bars the notices. On both grounds, the reassessment notices and rejection of objections could not survive. Case-Laws Income Tax Tue, 13 Oct 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=269530