https://www.taxtmi.com/caselaws?id=796570 Reassessment is discussed as impermissible where fully disclosed facts were examined in original scrutiny, where actual recorded reasons are not supplied, or where scrutiny of a revised return remains pending. The notes also address charitable exemption for income from sale of books, notebooks and uniforms. Such income is treated as eligible for exemption where the activity is incidental to educational objects and the surplus is applied towards those objects, including establishing a school, rather than diverted to non-charitable purposes. The discussion identifies change of opinion, limitation on reopening, and the requirement that business income remain connected with charitable purposes. en-us Wed, 21 Jan 2026 00:00:00 +0530 Fri, 07 Aug 2026 09:07:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=796570 Reassessment is discussed as impermissible where fully disclosed facts were examined in original scrutiny, where actual recorded reasons are not supplied, or where scrutiny of a revised return remains pending. The notes also address charitable exemption for income from sale of books, notebooks and uniforms. Such income is treated as eligible for exemption where the activity is incidental to educational objects and the surplus is applied towards those objects, including establishing a school, rather than diverted to non-charitable purposes. The discussion identifies change of opinion, limitation on reopening, and the requirement that business income remain connected with charitable purposes. Case-Laws Income Tax Wed, 21 Jan 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=796570