https://www.taxtmi.com/caselaws?id=471224 Reassessment initiated beyond four years from the end of the assessment year requires failure to disclose fully and truly all material facts where the original assessment was completed after scrutiny. Depreciation-related material, including the completion certificate and employee statements on whether the building, plant and machinery were put to use, had been disclosed, queried and considered in the original assessment. Reopening on the same material constituted a change of opinion rather than a failure of disclosure. The reassessment was therefore invalid, and the consequential orders were quashed. en-us Thu, 03 Apr 2025 00:00:00 +0530 Tue, 25 Aug 2026 18:57:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=471224 Reassessment initiated beyond four years from the end of the assessment year requires failure to disclose fully and truly all material facts where the original assessment was completed after scrutiny. Depreciation-related material, including the completion certificate and employee statements on whether the building, plant and machinery were put to use, had been disclosed, queried and considered in the original assessment. Reopening on the same material constituted a change of opinion rather than a failure of disclosure. The reassessment was therefore invalid, and the consequential orders were quashed. Case-Laws Income Tax Thu, 03 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=471224