No reassessment after expiry of 4 years if assessee had not failed to disclose all material facts

INCOME TAX : Where High Court upheld Tribunal's order holding that in absence of any failure on part of assessee to disclose all material facts at time of assessment, AO could not initiate reassessment proceedings after expiry of four years from end of relevant year on ground that construction of housing project had commenced prior to 1-10-1998 and, thus, assessee's claim for deduction under Section 80-IB(10) was wrongly allowed, SLP filed against said order was to be dismissed due to low tax ef

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