https://www.taxtmi.com/caselaws?id=152141 Section 31 of the Income-tax (Amendment) Act, 1953 gave retrospective effect to the amended section 34 of the Indian Income-tax Act, 1922 for reassessment proceedings relating to years ending before 1 April 1948, where proceedings were commenced after 8 September 1948. The provision was wide enough to validate notices issued and assessments completed under the amended regime, even though the limitation period under the unamended law had already expired. The Supreme Court held that the validating language governed such proceedings and upheld the reassessment, accepting the Revenue's position. en-us Wed, 12 Dec 1962 00:00:00 +0530 Wed, 07 Aug 2013 12:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=152141 Section 31 of the Income-tax (Amendment) Act, 1953 gave retrospective effect to the amended section 34 of the Indian Income-tax Act, 1922 for reassessment proceedings relating to years ending before 1 April 1948, where proceedings were commenced after 8 September 1948. The provision was wide enough to validate notices issued and assessments completed under the amended regime, even though the limitation period under the unamended law had already expired. The Supreme Court held that the validating language governed such proceedings and upheld the reassessment, accepting the Revenue's position. Case-Laws Income Tax Wed, 12 Dec 1962 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=152141