https://www.taxtmi.com/caselaws?id=188545 Reopening of assessment under section 34 of the Income-tax Act is valid only where the Income-tax Officer has objective material giving rise to a reason to believe that income has escaped assessment; mere suspicion, satisfaction, or rumour is insufficient. On the facts discussed, no additional material was shown to justify the reopening, so the point was treated as a question of law fit for reference. The further challenge to the addition of assessable income was also treated as a legal question because it turned on whether there was material evidence to support the further sum and whether the later action was merely a review of the original assessment on the same material. The Tribunal was directed to state the case and refer both questions. en-us Tue, 26 Aug 1958 00:00:00 +0530 Mon, 05 Dec 2016 13:26:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=188545 Reopening of assessment under section 34 of the Income-tax Act is valid only where the Income-tax Officer has objective material giving rise to a reason to believe that income has escaped assessment; mere suspicion, satisfaction, or rumour is insufficient. On the facts discussed, no additional material was shown to justify the reopening, so the point was treated as a question of law fit for reference. The further challenge to the addition of assessable income was also treated as a legal question because it turned on whether there was material evidence to support the further sum and whether the later action was merely a review of the original assessment on the same material. The Tribunal was directed to state the case and refer both questions. Case-Laws Income Tax Tue, 26 Aug 1958 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=188545