Sec. 92CA, 143(3), 147& 148 of the Income Tax Act, 1961 – Reassessment - The petitioner challenged a notice of reopening of assessment before High Court through writ petition. The assessee supplied full information called for by the AO and also placed on record voluminous documents for his consideration. Nowhere in the reasons, the AO contended that in the process of such scrutiny also, there was any failure on the part of the assessee to disclose truly and fully all material facts. Whatever be the validity of the AO's contention that the assessor's interest income in the case on hand could not be taxed at the concessional rate, reopening of assessment beyond the period of four years was simply not permissible. Thus, Writ petition was allowed by quashed and set aside the impugned notice. Supreme Court also dismissed SLP of the revenue. - DY. CIT V/s PRECILION HOLDINGS LTD. - [2020] 269 TAXMAN 488 (SC)