https://www.taxtmi.com/caselaws?id=472619 Reassessment beyond four years after an assessment completed under Section 143(3) requires recorded satisfaction that income escaped assessment because the assessee failed to fully and truly disclose material facts. Reasons relying solely on investigation-wing information, without alleging such disclosure failure or showing independent application of mind and further enquiry, do not meet that jurisdictional condition. Consequently, the reopening was void ab initio, quashed, and the unexplained cash-credit addition was deleted. en-us Tue, 22 Apr 2025 00:00:00 +0530 Sat, 17 Oct 2026 18:37:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=472619 Reassessment beyond four years after an assessment completed under Section 143(3) requires recorded satisfaction that income escaped assessment because the assessee failed to fully and truly disclose material facts. Reasons relying solely on investigation-wing information, without alleging such disclosure failure or showing independent application of mind and further enquiry, do not meet that jurisdictional condition. Consequently, the reopening was void ab initio, quashed, and the unexplained cash-credit addition was deleted. Case-Laws Income Tax Tue, 22 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=472619