https://www.taxtmi.com/caselaws?id=190552 Reassessment under section 34(1)(b) was sustained because a later correct understanding of the governing notification constituted information sufficient to reopen escaped income, even where the original assessment had not appreciated its effect. The interest on Mysore Durbar Securities was also held chargeable to super-tax because the exemption notification, issued under section 60, could validly be limited so that the income remained exempt from income-tax but not from super-tax. Both questions were answered against the assessee, and the assessments were upheld to that extent. en-us Fri, 06 Jul 1962 00:00:00 +0530 Sat, 18 Feb 2017 16:10:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=190552 Reassessment under section 34(1)(b) was sustained because a later correct understanding of the governing notification constituted information sufficient to reopen escaped income, even where the original assessment had not appreciated its effect. The interest on Mysore Durbar Securities was also held chargeable to super-tax because the exemption notification, issued under section 60, could validly be limited so that the income remained exempt from income-tax but not from super-tax. Both questions were answered against the assessee, and the assessments were upheld to that extent. Case-Laws Income Tax Fri, 06 Jul 1962 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=190552