https://www.taxtmi.com/caselaws?id=6611 A subsequent appellate finding disclosing that the assessee's profits were higher than originally assessed can amount to "information" under section 34(1)(b) of the Indian Income-tax Act, 1922. The provision required the Income-tax Officer to have information giving reason to believe that income had escaped assessment or been under-assessed, and information originating from an appellate authority did not lose that character. On that basis, the Tribunal's earlier statements were capable of supporting reopening and reassessment, and the Income-tax Officer had jurisdiction to proceed under section 34(1)(b). en-us Thu, 30 Jul 1964 00:00:00 +0530 Tue, 27 Jan 2009 16:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=6611 A subsequent appellate finding disclosing that the assessee's profits were higher than originally assessed can amount to "information" under section 34(1)(b) of the Indian Income-tax Act, 1922. The provision required the Income-tax Officer to have information giving reason to believe that income had escaped assessment or been under-assessed, and information originating from an appellate authority did not lose that character. On that basis, the Tribunal's earlier statements were capable of supporting reopening and reassessment, and the Income-tax Officer had jurisdiction to proceed under section 34(1)(b). Case-Laws Income Tax Thu, 30 Jul 1964 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=6611