https://www.taxtmi.com/caselaws?id=758724 Reopening of a completed scrutiny assessment beyond four years was impermissible because the recorded reasons did not show any failure by the assessee to fully and truly disclose material facts. The sale of land and claim of long-term capital gain had already been examined under section 143(3), and the reopening rested on assumptions, an audit objection, and a mere change of opinion without fresh tangible material. The notice was therefore invalid and was quashed. en-us Mon, 02 Sep 2024 00:00:00 +0530 Wed, 18 Sep 2024 07:53:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=758724 Reopening of a completed scrutiny assessment beyond four years was impermissible because the recorded reasons did not show any failure by the assessee to fully and truly disclose material facts. The sale of land and claim of long-term capital gain had already been examined under section 143(3), and the reopening rested on assumptions, an audit objection, and a mere change of opinion without fresh tangible material. The notice was therefore invalid and was quashed. Case-Laws Income Tax Mon, 02 Sep 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=758724