Allowing the appeal the Court held that all material facts necessary for assessment has been disclosed by the assessee truly and fairly but they were scrutinized and the income and deduction were reworked by the Assessing Officer in the original assessment . In the recorded reasons for reopening  of  assessment it was not mentioned what facts was not disclosed .Therefore, the condition precedent to the reopening of assessment beyond the period of four years had not been fulfilled. The notice issued under section 148 to reopen the assessment under section 147 for the assessment year 2012-13 and the order rejecting the objections raised by the assessee were quashed and set aside.( AY.2012-13)