https://www.taxtmi.com/caselaws?id=6403 Reassessments under the Indian Income-tax Act, 1922 were held not to be barred by limitation because they were made in consequence of an appellate finding falling within the second proviso to section 34(3). The Court held that a qualifying finding must be necessary for disposal of the appeal before the appellate authority, and that the finding that the business was carried on by the firm met that test because it was essential to decide the related appeals. The firm was also treated as a person covered by the proviso, as it was intimately connected with the assessment proceedings. The reassessments were therefore valid in law. en-us Thu, 08 Mar 1973 00:00:00 +0530 Thu, 04 Dec 2008 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=6403 Reassessments under the Indian Income-tax Act, 1922 were held not to be barred by limitation because they were made in consequence of an appellate finding falling within the second proviso to section 34(3). The Court held that a qualifying finding must be necessary for disposal of the appeal before the appellate authority, and that the finding that the business was carried on by the firm met that test because it was essential to decide the related appeals. The firm was also treated as a person covered by the proviso, as it was intimately connected with the assessment proceedings. The reassessments were therefore valid in law. Case-Laws Income Tax Thu, 08 Mar 1973 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=6403