https://www.taxtmi.com/caselaws?id=468428 Reassessment beyond four years requires recorded reasons alleging the assessee's failure to disclose fully and truly all material facts. Where an earlier return is treated as filed in response to a reassessment notice, notice under section 143(2) is mandatory; its absence renders the reassessment legally unsustainable. Section 54F relief remains available where the assessee books and purchases a qualifying residential property within the statutory period, notwithstanding non-deposit of sale consideration in the capital gains account scheme by the due date. Non-deposit alone does not defeat a substantively timely and evidenced investment claim. en-us Tue, 27 May 2025 00:00:00 +0530 Tue, 05 May 2026 16:32:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=468428 Reassessment beyond four years requires recorded reasons alleging the assessee's failure to disclose fully and truly all material facts. Where an earlier return is treated as filed in response to a reassessment notice, notice under section 143(2) is mandatory; its absence renders the reassessment legally unsustainable. Section 54F relief remains available where the assessee books and purchases a qualifying residential property within the statutory period, notwithstanding non-deposit of sale consideration in the capital gains account scheme by the due date. Non-deposit alone does not defeat a substantively timely and evidenced investment claim. Case-Laws Income Tax Tue, 27 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=468428