https://www.taxtmi.com/caselaws?id=6823 A later finding by a higher authority on the same factual material may qualify as "information" for reopening an assessment under section 34(1)(b) of the Income-tax Act, 1922 if it shows that income had escaped assessment; on the facts discussed, that principle supported reopening in the firm's case. The text also states that a final fact-finding appellate authority must deal with all substantial contentions raised before it and record reasons on each; failure to examine a material contention renders the order defective and not a valid disposal in law. The overall note indicates that, although reopening was legally permissible, the appeal succeeded because the Tribunal had not adjudicated every issue placed before it. en-us Thu, 11 Aug 1966 00:00:00 +0530 Mon, 02 Feb 2009 12:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=6823 A later finding by a higher authority on the same factual material may qualify as "information" for reopening an assessment under section 34(1)(b) of the Income-tax Act, 1922 if it shows that income had escaped assessment; on the facts discussed, that principle supported reopening in the firm's case. The text also states that a final fact-finding appellate authority must deal with all substantial contentions raised before it and record reasons on each; failure to examine a material contention renders the order defective and not a valid disposal in law. The overall note indicates that, although reopening was legally permissible, the appeal succeeded because the Tribunal had not adjudicated every issue placed before it. Case-Laws Income Tax Thu, 11 Aug 1966 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=6823