https://www.taxtmi.com/caselaws?id=152233 Notice under section 34(1)(b) to tax deemed dividend under section 23A(1) had to be served within four years from the end of the relevant assessment year, because the deemed distribution was treated as occurring on the date of the general meeting. Although section 23A(1) itself did not prescribe a separate time limit for the Income-tax Officer's order, the shareholder's assessment still had to proceed under section 34(1)(b). The reassessment period therefore ran from the end of that assessment year, and the proviso to section 34(3) was not applicable. The notice served on 1 April 1954 was time-barred. en-us Fri, 16 Nov 1962 00:00:00 +0530 Tue, 06 Aug 2013 17:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=152233 Notice under section 34(1)(b) to tax deemed dividend under section 23A(1) had to be served within four years from the end of the relevant assessment year, because the deemed distribution was treated as occurring on the date of the general meeting. Although section 23A(1) itself did not prescribe a separate time limit for the Income-tax Officer's order, the shareholder's assessment still had to proceed under section 34(1)(b). The reassessment period therefore ran from the end of that assessment year, and the proviso to section 34(3) was not applicable. The notice served on 1 April 1954 was time-barred. Case-Laws Income Tax Fri, 16 Nov 1962 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=152233