https://www.taxtmi.com/caselaws?id=421916 The court ruled in favor of the petitioner, emphasizing the importance of disclosing all material facts and prohibiting reassessment based on a mere change of opinion without new information. The court quashed the notice for reopening the assessment and the order on objections, citing the requirement of tangible material indicating an escapement of income for reassessment after the lapse of four years. en-us Tue, 26 Apr 2022 00:00:00 +0530 Fri, 20 Feb 2026 17:21:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=421916 The court ruled in favor of the petitioner, emphasizing the importance of disclosing all material facts and prohibiting reassessment based on a mere change of opinion without new information. The court quashed the notice for reopening the assessment and the order on objections, citing the requirement of tangible material indicating an escapement of income for reassessment after the lapse of four years. Case-Laws Income Tax Tue, 26 Apr 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=421916