https://www.taxtmi.com/caselaws?id=801150 Reassessment after the extended statutory period following a completed scrutiny assessment requires recorded reasons to identify the assessee's failure to make a full and true disclosure of material facts. Reliance solely on an excise duty or VAT adjustment reduced from sales, without identifying any undisclosed material fact, does not satisfy that condition. On the stated facts, the reassessment proceedings were invalid and quashed. en-us Tue, 04 Aug 2026 00:00:00 +0530 Fri, 16 Oct 2026 05:20:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=801150 Reassessment after the extended statutory period following a completed scrutiny assessment requires recorded reasons to identify the assessee's failure to make a full and true disclosure of material facts. Reliance solely on an excise duty or VAT adjustment reduced from sales, without identifying any undisclosed material fact, does not satisfy that condition. On the stated facts, the reassessment proceedings were invalid and quashed. Case-Laws Income Tax Tue, 04 Aug 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=801150