https://www.taxtmi.com/caselaws?id=169442 A notice issued under section 34 of the Indian Income-tax Act, 1922 for escaped income below the relevant threshold was held time-barred. The second proviso to section 34(3) could not save it because the reassessment-saving part had already been struck down as unconstitutional under article 14. Section 34(4) did not apply to smaller escapements, and section 4 of the Indian Income-tax (Amendment) Act, 1959 protected only notices issued before that Act commenced, not a fresh notice issued in 1962. The notice was therefore quashed. en-us Tue, 05 Mar 1963 00:00:00 +0530 Tue, 21 Apr 2015 10:29:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=169442 A notice issued under section 34 of the Indian Income-tax Act, 1922 for escaped income below the relevant threshold was held time-barred. The second proviso to section 34(3) could not save it because the reassessment-saving part had already been struck down as unconstitutional under article 14. Section 34(4) did not apply to smaller escapements, and section 4 of the Indian Income-tax (Amendment) Act, 1959 protected only notices issued before that Act commenced, not a fresh notice issued in 1962. The notice was therefore quashed. Case-Laws Income Tax Tue, 05 Mar 1963 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=169442