https://www.taxtmi.com/caselaws?id=459620 Reassessment initiated beyond four years from the end of the assessment year can be sustained only if the revenue shows that the assessee failed to fully and truly disclose all material facts necessary for assessment. Here, the original assessment was completed under scrutiny, and the recorded reasons for reopening showed only a fresh perusal of the assessment record. The Court found no material indicating any omission by the assessee, and the Assessing Officer had already considered the relevant documents in the original assessment. The reassessment notice and the order rejecting objections were therefore quashed as unsustainable. en-us Tue, 27 Jun 2023 00:00:00 +0530 Tue, 18 Nov 2025 11:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=459620 Reassessment initiated beyond four years from the end of the assessment year can be sustained only if the revenue shows that the assessee failed to fully and truly disclose all material facts necessary for assessment. Here, the original assessment was completed under scrutiny, and the recorded reasons for reopening showed only a fresh perusal of the assessment record. The Court found no material indicating any omission by the assessee, and the Assessing Officer had already considered the relevant documents in the original assessment. The reassessment notice and the order rejecting objections were therefore quashed as unsustainable. Case-Laws Income Tax Tue, 27 Jun 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=459620