https://www.taxtmi.com/caselaws?id=6757 Reassessment under section 34(1)(a) of the Income-tax Act, 1922 was upheld because the assessee had omitted taxable income and the statutory condition for reopening was satisfied. Receipts of Rs. 11,475 from coffee estates were treated as rent or revenue derived from agricultural land and therefore retained their agricultural character; they were not taxable as business income. Income from the assessee's wife's money-lending business was assessable in the assessee's hands for want of material showing separate ownership or independent capital, but the coffee estate income was not includible because it remained agricultural income. A direction by the Appellate Assistant Commissioner to reopen a different assessment year under section 34(3) exceeded appellate jurisdiction and was struck down. en-us Tue, 09 Aug 1966 00:00:00 +0530 Sun, 01 Feb 2009 15:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=6757 Reassessment under section 34(1)(a) of the Income-tax Act, 1922 was upheld because the assessee had omitted taxable income and the statutory condition for reopening was satisfied. Receipts of Rs. 11,475 from coffee estates were treated as rent or revenue derived from agricultural land and therefore retained their agricultural character; they were not taxable as business income. Income from the assessee's wife's money-lending business was assessable in the assessee's hands for want of material showing separate ownership or independent capital, but the coffee estate income was not includible because it remained agricultural income. A direction by the Appellate Assistant Commissioner to reopen a different assessment year under section 34(3) exceeded appellate jurisdiction and was struck down. Case-Laws Income Tax Tue, 09 Aug 1966 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=6757