https://www.taxtmi.com/caselaws?id=473180 Reopening a completed scrutiny assessment after four years under section 147 requires a failure to disclose fully and truly the material facts necessary for assessment; a bare assertion of non-disclosure in the recorded reasons is insufficient. The reasons relied on investigation information without identifying undisclosed material facts, although bank details had already been furnished, making the reassessment invalid. The eventual disallowance also differed in nature from the alleged bogus purchases cited for reopening. Purchase disallowance for missing invoices was not justified where purchases from the same supplier were partly accepted, the books were not rejected, turnover was not found deficient, payments passed through banking channels and both parties confirmed the transactions. en-us Tue, 29 Apr 2025 00:00:00 +0530 Fri, 06 Nov 2026 13:51:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=473180 Reopening a completed scrutiny assessment after four years under section 147 requires a failure to disclose fully and truly the material facts necessary for assessment; a bare assertion of non-disclosure in the recorded reasons is insufficient. The reasons relied on investigation information without identifying undisclosed material facts, although bank details had already been furnished, making the reassessment invalid. The eventual disallowance also differed in nature from the alleged bogus purchases cited for reopening. Purchase disallowance for missing invoices was not justified where purchases from the same supplier were partly accepted, the books were not rejected, turnover was not found deficient, payments passed through banking channels and both parties confirmed the transactions. Case-Laws Income Tax Tue, 29 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=473180