https://www.taxtmi.com/caselaws?id=188860 Section 34 of the Income-tax Act, 1922 could be invoked where post-assessment definite information disclosed foreign income that could not reasonably have been brought to tax earlier because, during the wartime assessment proceedings, neither the assessee nor the revenue had reliable information about the existence or continuance of the foreign businesses. The provision was not barred as a case of deliberately deferred or piecemeal assessment, since the earlier omission arose from lack of real data rather than an administrative choice to postpone quantification. Acquiescence or waiver could not confer jurisdiction, but on these facts the reassessment was valid and the reference was answered against the assessee. en-us Fri, 17 Feb 1956 00:00:00 +0530 Mon, 19 Dec 2016 10:48:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=188860 Section 34 of the Income-tax Act, 1922 could be invoked where post-assessment definite information disclosed foreign income that could not reasonably have been brought to tax earlier because, during the wartime assessment proceedings, neither the assessee nor the revenue had reliable information about the existence or continuance of the foreign businesses. The provision was not barred as a case of deliberately deferred or piecemeal assessment, since the earlier omission arose from lack of real data rather than an administrative choice to postpone quantification. Acquiescence or waiver could not confer jurisdiction, but on these facts the reassessment was valid and the reference was answered against the assessee. Case-Laws Income Tax Fri, 17 Feb 1956 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=188860