https://www.taxtmi.com/article/detailed?id=11129 Re-opening assessments requires clear, unambiguous reasons linking evidence to the conclusion that income escaped assessment and disclosing material facts not fully disclosed by the assessee. Regulatory amendments and clarificatory circulars apply from their effective date and therefore govern only assessment years falling on or after that date; earlier assessment years are to be assessed under the law then in force. en-us Tue, 21 Feb 2023 14:33:23 +0530 Tue, 21 Feb 2023 14:33:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=11129 Re-opening assessments requires clear, unambiguous reasons linking evidence to the conclusion that income escaped assessment and disclosing material facts not fully disclosed by the assessee. Regulatory amendments and clarificatory circulars apply from their effective date and therefore govern only assessment years falling on or after that date; earlier assessment years are to be assessed under the law then in force. Articles Income Tax Tue, 21 Feb 2023 14:33:23 +0530 https://www.taxtmi.com/article/detailed?id=11129