https://www.taxtmi.com/caselaws?id=175255 The appellate scheme under the Income-tax Act does not confer an assessee a right to withdraw an appeal so as to defeat the statutory power of enhancement. The appellate authority's enhancement power cannot be frustrated by withdrawal once the appeal is filed. Separately, after the limitation period under section 34 expires, the Assistant Commissioner cannot use the general enhancement power to introduce a new item of income or direct a fresh assessment on that item, because the special reassessment provision is time-bound and confined to escaped income within its statutory scope. The revenue's position failed on both issues, and the assessee succeeded with costs. en-us Tue, 14 Dec 1937 00:00:00 +0530 Mon, 16 Nov 2015 11:38:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=175255 The appellate scheme under the Income-tax Act does not confer an assessee a right to withdraw an appeal so as to defeat the statutory power of enhancement. The appellate authority's enhancement power cannot be frustrated by withdrawal once the appeal is filed. Separately, after the limitation period under section 34 expires, the Assistant Commissioner cannot use the general enhancement power to introduce a new item of income or direct a fresh assessment on that item, because the special reassessment provision is time-bound and confined to escaped income within its statutory scope. The revenue's position failed on both issues, and the assessee succeeded with costs. Case-Laws Income Tax Tue, 14 Dec 1937 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=175255