https://www.taxtmi.com/caselaws?id=800800 Reassessment initiated after the prescribed period was invalid because the recorded reasons wrongly assumed that only return processing had occurred, although a scrutiny assessment had been completed. The reasons showed no application of mind to that completed assessment and did not identify any material fact that the assessee had failed to disclose fully and truly. Since such failure is a jurisdictional condition for reopening beyond the stipulated period, reassessment jurisdiction was not validly assumed. The reassessment and consequential assessment order were quashed in favour of the assessee. en-us Wed, 30 Sep 2026 00:00:00 +0530 Mon, 12 Oct 2026 04:18:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=800800 Reassessment initiated after the prescribed period was invalid because the recorded reasons wrongly assumed that only return processing had occurred, although a scrutiny assessment had been completed. The reasons showed no application of mind to that completed assessment and did not identify any material fact that the assessee had failed to disclose fully and truly. Since such failure is a jurisdictional condition for reopening beyond the stipulated period, reassessment jurisdiction was not validly assumed. The reassessment and consequential assessment order were quashed in favour of the assessee. Case-Laws Income Tax Wed, 30 Sep 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=800800