https://www.taxtmi.com/caselaws?id=188156 Section 34 required escaped or under-assessed income to be brought to tax only where the Income-tax Officer received definite information. A later superior view on the same material, without any new fact, was merely a change of opinion or correction of law and did not constitute definite information. The statutory condition for reopening was therefore not met, and the reopening was invalid in favour of the assessee. en-us Fri, 24 Sep 1943 00:00:00 +0630 Sat, 19 Nov 2016 16:04:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=188156 Section 34 required escaped or under-assessed income to be brought to tax only where the Income-tax Officer received definite information. A later superior view on the same material, without any new fact, was merely a change of opinion or correction of law and did not constitute definite information. The statutory condition for reopening was therefore not met, and the reopening was invalid in favour of the assessee. Case-Laws Income Tax Fri, 24 Sep 1943 00:00:00 +0630 https://www.taxtmi.com/caselaws?id=188156