https://www.taxtmi.com/caselaws?id=189879 When an assessment is set aside and a fresh assessment is made under section 31(3) of the Income-tax Act, 1922, the new assessment replaces the earlier one and the officer may consider all relevant material then available, subject to the appellate directions. Findings in the original assessment do not survive as res judicata, so later section 23A deemed dividend income could validly be included in the reassessment. Reassessments made in pursuance of an order under section 31 also fall within the proviso to section 34(3), and are therefore not barred by limitation. en-us Wed, 11 Apr 1962 00:00:00 +0530 Tue, 24 Jan 2017 15:37:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=189879 When an assessment is set aside and a fresh assessment is made under section 31(3) of the Income-tax Act, 1922, the new assessment replaces the earlier one and the officer may consider all relevant material then available, subject to the appellate directions. Findings in the original assessment do not survive as res judicata, so later section 23A deemed dividend income could validly be included in the reassessment. Reassessments made in pursuance of an order under section 31 also fall within the proviso to section 34(3), and are therefore not barred by limitation. Case-Laws Income Tax Wed, 11 Apr 1962 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=189879