https://www.taxtmi.com/caselaws?id=66549 Reassessment proceedings remain reassessment proceedings even after a prior reassessment is set aside and a fresh order is directed. Omitted claims not finally decided in the original assessment may be entertained in reassessment, so claims for departmental recoveries and depreciation were in principle allowable. However, matters already specifically assessed and attaining finality, such as interest on FDRs taxed under other sources, cannot be re-agitated. Even where fresh claims are admitted, the reassessed income cannot be reduced below the income originally assessed, because reassessment is meant to bring escaped income to tax, not to create a net reduction below the final original figure. en-us Fri, 30 Oct 1992 00:00:00 +0530 Mon, 28 Feb 2011 11:27:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=66549 Reassessment proceedings remain reassessment proceedings even after a prior reassessment is set aside and a fresh order is directed. Omitted claims not finally decided in the original assessment may be entertained in reassessment, so claims for departmental recoveries and depreciation were in principle allowable. However, matters already specifically assessed and attaining finality, such as interest on FDRs taxed under other sources, cannot be re-agitated. Even where fresh claims are admitted, the reassessed income cannot be reduced below the income originally assessed, because reassessment is meant to bring escaped income to tax, not to create a net reduction below the final original figure. Case-Laws Income Tax Fri, 30 Oct 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=66549