https://www.taxtmi.com/caselaws?id=6793 Retrospective amendment to the Agricultural Income-tax Act, 1950 made the earlier assessments chargeable at too low a rate, so the proper remedy was reassessment under section 35 and not rectification under section 36. That reassessment power was also subject to the three-year limitation in section 35. The reassessment was therefore time-barred for the assessment years 1958-59, 1959-60 and 1960-61, but remained valid for 1961-62. The impugned order was quashed to the extent it ed the first three years and sustained only for the last year. en-us Mon, 14 Nov 1966 00:00:00 +0530 Mon, 02 Feb 2009 10:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=6793 Retrospective amendment to the Agricultural Income-tax Act, 1950 made the earlier assessments chargeable at too low a rate, so the proper remedy was reassessment under section 35 and not rectification under section 36. That reassessment power was also subject to the three-year limitation in section 35. The reassessment was therefore time-barred for the assessment years 1958-59, 1959-60 and 1960-61, but remained valid for 1961-62. The impugned order was quashed to the extent it ed the first three years and sustained only for the last year. Case-Laws Income Tax Mon, 14 Nov 1966 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=6793