Assessment beyond a period of four years can not be re-opened where there is full and true disclosure of all material facts by assessee

 HIGH COURT OF BOMBAY, Hindustan Petroleum Corporation Ltd. Vs. DCIT, APPEAL NO: W.P. No. 2513 of 2009, June 18, 2010 ORAL JUDGMENT (Per DR.D.Y.CHANDRACHUD, J.) : 1. Rule, by consent returnable forthwith. With the consent of Counsel and at their request the Petition is taken up for hearing and final disposal. 2. An assessment for Assessment Year 2002-03 has been sought to be reopened under Section 147 of the Income Tax Act, 1961 beyond the period of four years of the end of the Assessment Year, by the issuance of a notice of 23 March 2009. The issue which falls for determinat...