https://www.taxtmi.com/caselaws?id=38504 Reassessment under the Income-tax law turns on jurisdictional preconditions: the Income-tax Officer must have, at the time of issuing notice, material giving rise in good faith to a reason to believe that income escaped assessment because the assessee failed to disclose fully and truly all material facts. The record must disclose that foundational material before the Court; later information requests cannot by themselves establish the earlier belief or its basis. On the limitation point, the notice was not treated as invalid, but the reopening ultimately failed because the revenue could not justify the statutory conditions for reassessment on the record. en-us Wed, 28 Jan 1976 00:00:00 +0530 Tue, 06 Apr 2010 17:37:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=38504 Reassessment under the Income-tax law turns on jurisdictional preconditions: the Income-tax Officer must have, at the time of issuing notice, material giving rise in good faith to a reason to believe that income escaped assessment because the assessee failed to disclose fully and truly all material facts. The record must disclose that foundational material before the Court; later information requests cannot by themselves establish the earlier belief or its basis. On the limitation point, the notice was not treated as invalid, but the reopening ultimately failed because the revenue could not justify the statutory conditions for reassessment on the record. Case-Laws Income Tax Wed, 28 Jan 1976 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=38504