https://www.taxtmi.com/caselaws?id=5835 Reassessment initiated under section 34(1)(b) of the Income-tax Act, 1922 was held time barred because the second proviso to section 34(3) did not extend to a separate trust that was not a party to the individual assessee's assessment proceedings. Although the earlier reference contained a necessary finding that the income belonged to the trust and not the individual, the saving provision applied only to the assessee or a person intimately connected with that assessment. The trust was treated as a stranger to those proceedings, so the reassessment could not be revived under the proviso. en-us Thu, 16 Aug 1979 00:00:00 +0530 Fri, 28 Nov 2008 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=5835 Reassessment initiated under section 34(1)(b) of the Income-tax Act, 1922 was held time barred because the second proviso to section 34(3) did not extend to a separate trust that was not a party to the individual assessee's assessment proceedings. Although the earlier reference contained a necessary finding that the income belonged to the trust and not the individual, the saving provision applied only to the assessee or a person intimately connected with that assessment. The trust was treated as a stranger to those proceedings, so the reassessment could not be revived under the proviso. Case-Laws Income Tax Thu, 16 Aug 1979 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=5835