https://www.taxtmi.com/highlights?id=97004 Reopening of assessment is time barred where the assessee filed a return and disclosed all material facts; audit objections that merely note absence of justification in the file do not constitute fresh information to initiate reassessment if the assessing officer already possessed the relevant documents. Consequently, under the pre 1 April 2021 scheme the extended six year period is unavailable and reassessment notices issued beyond four years from the end of the assessment year are invalid; the notice dated 31.03.2023 and subsequent proceedings are therefore barred by limitation. en-us Wed, 18 Feb 2026 10:47:58 +0530 Wed, 18 Feb 2026 10:47:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=97004 Reopening of assessment is time barred where the assessee filed a return and disclosed all material facts; audit objections that merely note absence of justification in the file do not constitute fresh information to initiate reassessment if the assessing officer already possessed the relevant documents. Consequently, under the pre 1 April 2021 scheme the extended six year period is unavailable and reassessment notices issued beyond four years from the end of the assessment year are invalid; the notice dated 31.03.2023 and subsequent proceedings are therefore barred by limitation. Highlights Income Tax Wed, 18 Feb 2026 10:47:58 +0530 https://www.taxtmi.com/highlights?id=97004