https://www.taxtmi.com/caselaws?id=472362 Reassessment beyond four years after scrutiny requires recorded failure to make full and true disclosure linked to escaped income; absent that requirement, reopening is void. Within four years, tangible material not examined originally can support reopening without change of opinion. Dealer-service payments not shown to be prohibited by law, actuarially valued IBNR and IBNER claims, and amortised premium on mandated Government securities qualify as deductible expenditure. Foreign reinsurance premiums require withholding where the payee's Indian business connection or permanent establishment makes income chargeable; default can trigger disallowance. Special insurance computation rules prevent exempt-income expenditure disallowance and book-profit add-back of reserve for unexpired risk, while qualifying investment-sale gains remain exempt. en-us Fri, 21 Nov 2025 00:00:00 +0530 Thu, 08 Oct 2026 20:44:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=472362 Reassessment beyond four years after scrutiny requires recorded failure to make full and true disclosure linked to escaped income; absent that requirement, reopening is void. Within four years, tangible material not examined originally can support reopening without change of opinion. Dealer-service payments not shown to be prohibited by law, actuarially valued IBNR and IBNER claims, and amortised premium on mandated Government securities qualify as deductible expenditure. Foreign reinsurance premiums require withholding where the payee's Indian business connection or permanent establishment makes income chargeable; default can trigger disallowance. Special insurance computation rules prevent exempt-income expenditure disallowance and book-profit add-back of reserve for unexpired risk, while qualifying investment-sale gains remain exempt. Case-Laws Income Tax Fri, 21 Nov 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=472362