https://www.taxtmi.com/caselaws?id=796420 Reassessment after four years of a completed scrutiny assessment requires the assessee's failure to make a full and true disclosure of material facts; disclosure of shareholding, transactions and lender-company details prevents reopening on the same material. The notes also state that the alternative-remedy rule may yield where an assessment disregards binding precedent or acts contrary to settled law. Deemed-dividend treatment does not extend to a loan received by a non-registered shareholder merely through statutory fiction, particularly where the relevant common shareholding is below the prescribed threshold. en-us Fri, 31 Jul 2026 00:00:00 +0530 Wed, 05 Aug 2026 08:48:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=796420 Reassessment after four years of a completed scrutiny assessment requires the assessee's failure to make a full and true disclosure of material facts; disclosure of shareholding, transactions and lender-company details prevents reopening on the same material. The notes also state that the alternative-remedy rule may yield where an assessment disregards binding precedent or acts contrary to settled law. Deemed-dividend treatment does not extend to a loan received by a non-registered shareholder merely through statutory fiction, particularly where the relevant common shareholding is below the prescribed threshold. Case-Laws Income Tax Fri, 31 Jul 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=796420