https://www.taxtmi.com/caselaws?id=472278 Reassessment beyond four years requires material that rationally links escaped income to the assessee's failure to make a full and true disclosure of material facts. Revised or subsequently obtained departmental valuation reports do not justify reopening where they identify no earlier suppression or nondisclosure; such reopening is invalid. Sanction for delayed reopening, although not expressly subject to a hearing requirement, carries adverse civil consequences and requires prior observance of natural justice. The assessee must receive a fair opportunity to place relevant material before the sanctioning authority, failing which the sanction is invalid and completed assessments retain finality. en-us Thu, 14 May 1992 00:00:00 +0530 Tue, 06 Oct 2026 17:42:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=472278 Reassessment beyond four years requires material that rationally links escaped income to the assessee's failure to make a full and true disclosure of material facts. Revised or subsequently obtained departmental valuation reports do not justify reopening where they identify no earlier suppression or nondisclosure; such reopening is invalid. Sanction for delayed reopening, although not expressly subject to a hearing requirement, carries adverse civil consequences and requires prior observance of natural justice. The assessee must receive a fair opportunity to place relevant material before the sanctioning authority, failing which the sanction is invalid and completed assessments retain finality. Case-Laws Income Tax Thu, 14 May 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=472278