https://www.taxtmi.com/caselaws?id=168446 Reassessment under section 34 of the Income-tax Act, 1922 was valid only where the original proceedings for 1953-54 and 1954-55 had been lawfully terminated by recording "N.A.", so reopening had to proceed under section 34(1)(b). For 1950-51 and 1951-52, the original proceedings remained pending in law and the notices were issued after the four-year limit, so the second proviso to section 34(3) did not save them. For 1952-53, the notice was issued before the appellate order relied on and was not in consequence of any finding or direction, so it was barred. The reassessments for 1950-51, 1951-52 and 1952-53 were invalid, while those for 1953-54 and 1954-55 were valid. en-us Wed, 12 Apr 1961 00:00:00 +0530 Tue, 03 Mar 2015 10:30:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=168446 Reassessment under section 34 of the Income-tax Act, 1922 was valid only where the original proceedings for 1953-54 and 1954-55 had been lawfully terminated by recording "N.A.", so reopening had to proceed under section 34(1)(b). For 1950-51 and 1951-52, the original proceedings remained pending in law and the notices were issued after the four-year limit, so the second proviso to section 34(3) did not save them. For 1952-53, the notice was issued before the appellate order relied on and was not in consequence of any finding or direction, so it was barred. The reassessments for 1950-51, 1951-52 and 1952-53 were invalid, while those for 1953-54 and 1954-55 were valid. Case-Laws Income Tax Wed, 12 Apr 1961 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=168446