https://www.taxtmi.com/caselaws?id=472495 Reassessment initiated more than four years after a completed scrutiny assessment is jurisdictionally invalid unless the recorded reasons themselves allege, and set out a factual basis for, the taxpayer's failure to make a full and true disclosure of material facts. Such failure cannot be inferred from recorded reasons that omit both the allegation and its factual foundation. Accordingly, the reassessment notice and consequential reassessment require annulment where the recorded reasons do not satisfy that condition. en-us Wed, 13 Sep 2023 00:00:00 +0530 Wed, 14 Oct 2026 10:52:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=472495 Reassessment initiated more than four years after a completed scrutiny assessment is jurisdictionally invalid unless the recorded reasons themselves allege, and set out a factual basis for, the taxpayer's failure to make a full and true disclosure of material facts. Such failure cannot be inferred from recorded reasons that omit both the allegation and its factual foundation. Accordingly, the reassessment notice and consequential reassessment require annulment where the recorded reasons do not satisfy that condition. Case-Laws Income Tax Wed, 13 Sep 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=472495