https://www.taxtmi.com/caselaws?id=190066 An assessment under the Indian Income Tax Act, 1922 was not invalid merely because it was completed after the assessment year, since section 23(1) imposed no general time limit and section 34 was a special escape-assessment provision rather than the exclusive source of authority for late assessment. Income under pending assessment was not treated as having escaped assessment, so section 34 did not apply where the return had already been taken up and proceedings had not ended in a final assessment. The assessment on Burn & Company was therefore upheld as lawful and timely. en-us Thu, 07 Dec 1933 00:00:00 +0530 Thu, 02 Feb 2017 18:00:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=190066 An assessment under the Indian Income Tax Act, 1922 was not invalid merely because it was completed after the assessment year, since section 23(1) imposed no general time limit and section 34 was a special escape-assessment provision rather than the exclusive source of authority for late assessment. Income under pending assessment was not treated as having escaped assessment, so section 34 did not apply where the return had already been taken up and proceedings had not ended in a final assessment. The assessment on Burn & Company was therefore upheld as lawful and timely. Case-Laws Income Tax Thu, 07 Dec 1933 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=190066