https://www.taxtmi.com/caselaws?id=794252 Reassessment initiated after four years was invalid because the assessee had already made a full and true disclosure of material facts in the original scrutiny assessment. The record showed audited accounts, notes to the financial statements, and the accounting policy explaining the change in depreciation method from SLM to WDV; the Revenue failed to show any suppression or fresh tangible material. The reassessment notice was therefore barred by the proviso to Section 147 of the Income-tax Act and was quashed, along with the order disposing of objections. en-us Tue, 23 Jun 2026 00:00:00 +0530 Thu, 02 Jul 2026 08:07:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=794252 Reassessment initiated after four years was invalid because the assessee had already made a full and true disclosure of material facts in the original scrutiny assessment. The record showed audited accounts, notes to the financial statements, and the accounting policy explaining the change in depreciation method from SLM to WDV; the Revenue failed to show any suppression or fresh tangible material. The reassessment notice was therefore barred by the proviso to Section 147 of the Income-tax Act and was quashed, along with the order disposing of objections. Case-Laws Income Tax Tue, 23 Jun 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=794252