https://www.taxtmi.com/caselaws?id=6220 Reassessment under section 34 of the Income-tax Act, 1922 cannot be initiated by ignoring an assessee's earlier voluntary return. Where returns were filed before assessment in response to statutory notice, and the Income-tax Officer's closure of the file as "no assessments" did not finally terminate the pending proceedings, the earlier returns remained effective and had to be duly disposed of in completed assessment proceedings first. Because that had not happened, the reassessment notice and the assessments made pursuant to it lacked jurisdiction. The reassessment proceedings were therefore invalid. en-us Mon, 06 Oct 1969 00:00:00 +0530 Wed, 03 Dec 2008 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=6220 Reassessment under section 34 of the Income-tax Act, 1922 cannot be initiated by ignoring an assessee's earlier voluntary return. Where returns were filed before assessment in response to statutory notice, and the Income-tax Officer's closure of the file as "no assessments" did not finally terminate the pending proceedings, the earlier returns remained effective and had to be duly disposed of in completed assessment proceedings first. Because that had not happened, the reassessment notice and the assessments made pursuant to it lacked jurisdiction. The reassessment proceedings were therefore invalid. Case-Laws Income Tax Mon, 06 Oct 1969 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=6220