https://www.taxtmi.com/caselaws?id=393973 The court upheld the validity of reopening the assessment beyond four years under Section 148 of the Income Tax Act, 1961, due to the improper claim of deduction. It emphasized the requirement of full and true disclosure to avoid reopening and rejected the petitioner's argument of a mere change of opinion. The court directed the petitioner to participate in reassessment proceedings, emphasizing compliance with statutory provisions and Supreme Court guidelines. The writ petition was disposed of without costs, with instructions for timely reassessment order issuance. en-us Fri, 13 Mar 2020 00:00:00 +0530 Thu, 26 Mar 2020 12:41:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=393973 The court upheld the validity of reopening the assessment beyond four years under Section 148 of the Income Tax Act, 1961, due to the improper claim of deduction. It emphasized the requirement of full and true disclosure to avoid reopening and rejected the petitioner's argument of a mere change of opinion. The court directed the petitioner to participate in reassessment proceedings, emphasizing compliance with statutory provisions and Supreme Court guidelines. The writ petition was disposed of without costs, with instructions for timely reassessment order issuance. Case-Laws Income Tax Fri, 13 Mar 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=393973