https://www.taxtmi.com/caselaws?id=271150 HC quashed the reassessment proceedings initiated under s.147 beyond four years from the end of the relevant assessment year. It held that the assessee had made a true and full disclosure of all primary and material facts during the original scrutiny assessment. The Assessing Officer had consciously accepted the assessee's claim relating to the cash credited under s.69A. Therefore, the subsequent reopening was based only on a change of opinion, offending the proviso to s.147. The impugned reassessment and consequential addition under s.69A were set aside in favour of the assessee. en-us Tue, 27 Oct 2015 00:00:00 +0530 Fri, 12 Dec 2025 16:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=271150 HC quashed the reassessment proceedings initiated under s.147 beyond four years from the end of the relevant assessment year. It held that the assessee had made a true and full disclosure of all primary and material facts during the original scrutiny assessment. The Assessing Officer had consciously accepted the assessee's claim relating to the cash credited under s.69A. Therefore, the subsequent reopening was based only on a change of opinion, offending the proviso to s.147. The impugned reassessment and consequential addition under s.69A were set aside in favour of the assessee. Case-Laws Income Tax Tue, 27 Oct 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=271150