https://www.taxtmi.com/caselaws?id=173248 A retrospective amendment to section 4(3)(i) of the Indian Income-tax Act, 1922 can constitute "information" for reopening a completed assessment under section 34(1)(b). Where the amending Act is expressly made effective from an earlier date, the Income-tax Officer may treat the resulting taxability as escaped income and form the requisite belief for reassessment, even though the original assessment was already concluded before the amendment was enacted. The reopening notice for assessment year 1952-53 was therefore held valid, and the reassessment was sustained in favour of the Revenue. en-us Thu, 09 Oct 1958 00:00:00 +0530 Thu, 10 Sep 2015 18:09:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=173248 A retrospective amendment to section 4(3)(i) of the Indian Income-tax Act, 1922 can constitute "information" for reopening a completed assessment under section 34(1)(b). Where the amending Act is expressly made effective from an earlier date, the Income-tax Officer may treat the resulting taxability as escaped income and form the requisite belief for reassessment, even though the original assessment was already concluded before the amendment was enacted. The reopening notice for assessment year 1952-53 was therefore held valid, and the reassessment was sustained in favour of the Revenue. Case-Laws Income Tax Thu, 09 Oct 1958 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=173248