https://www.taxtmi.com/caselaws?id=190550 Section 34 reopening was permissible only where the Income-tax Officer acted on definite information leading to discovery of escaped or under-assessed income; a mere change of opinion, reappraisal of the same material, or substitution of one legal interpretation for another was insufficient. Definite information could relate to law as well as fact, but it had to go beyond a fresh view of material already considered. On that basis, the assessment proceedings were not validly initiated under Section 34. en-us Fri, 16 Feb 1945 00:00:00 +0630 Sat, 18 Feb 2017 15:50:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=190550 Section 34 reopening was permissible only where the Income-tax Officer acted on definite information leading to discovery of escaped or under-assessed income; a mere change of opinion, reappraisal of the same material, or substitution of one legal interpretation for another was insufficient. Definite information could relate to law as well as fact, but it had to go beyond a fresh view of material already considered. On that basis, the assessment proceedings were not validly initiated under Section 34. Case-Laws Income Tax Fri, 16 Feb 1945 00:00:00 +0630 https://www.taxtmi.com/caselaws?id=190550