https://www.taxtmi.com/caselaws?id=183866 Section 34 was construed to permit reassessment where income had been underassessed for any reason, including a mistake of law, and the prior assessment was not treated as final so as to bar correction. On that basis, reassessment to super-tax was held valid. Maintenance allowances payable under a High Court decree were treated as a charge on immovable property, so the assessee was taxable only on the balance of property income after meeting that overriding charge. The amount diverted by the decree was not part of the taxable real income, and the deduction was allowed. en-us Mon, 20 Mar 1939 00:00:00 +0530 Thu, 23 Jun 2016 16:55:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=183866 Section 34 was construed to permit reassessment where income had been underassessed for any reason, including a mistake of law, and the prior assessment was not treated as final so as to bar correction. On that basis, reassessment to super-tax was held valid. Maintenance allowances payable under a High Court decree were treated as a charge on immovable property, so the assessee was taxable only on the balance of property income after meeting that overriding charge. The amount diverted by the decree was not part of the taxable real income, and the deduction was allowed. Case-Laws Income Tax Mon, 20 Mar 1939 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=183866