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<h1>Assessing officer may reassess escaped taxable income and recompute deductions under sections 280-286 despite non-compliance with section 281</h1> If any income chargeable to tax has escaped assessment for a tax year, the assessing officer may, subject to sections 280-286, assess or reassess that income or recompute losses, depreciation or any other allowance or deduction for the relevant year. For such assessment or reassessment, the assessing officer may also take up and assess any issue that subsequently comes to notice as having escaped assessment, even if the procedural requirements of section 281 have not been complied with.