https://www.taxtmi.com/caselaws?id=190556 After the 1939 amendment to Section 34 of the Indian Income-tax Act, reopening an assessment required definite information showing escapement or under-assessment. A mere change of view by the Income-tax Officer, including a successor officer correcting an earlier interpretation of the same law on the same materials, was only a change of opinion and did not amount to definite information. The text notes that definite information may sometimes arise from a later court decision or a new statutory provision, but not from a fresh legal opinion on the same enactment. On that basis, reopening was held impermissible where it rested only on a mistaken view of law. en-us Mon, 23 Jul 1945 00:00:00 +0630 Sat, 18 Feb 2017 16:31:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=190556 After the 1939 amendment to Section 34 of the Indian Income-tax Act, reopening an assessment required definite information showing escapement or under-assessment. A mere change of view by the Income-tax Officer, including a successor officer correcting an earlier interpretation of the same law on the same materials, was only a change of opinion and did not amount to definite information. The text notes that definite information may sometimes arise from a later court decision or a new statutory provision, but not from a fresh legal opinion on the same enactment. On that basis, reopening was held impermissible where it rested only on a mistaken view of law. Case-Laws Income Tax Mon, 23 Jul 1945 00:00:00 +0630 https://www.taxtmi.com/caselaws?id=190556