https://www.taxtmi.com/caselaws?id=190559 Whether income escaped assessment and whether reassessments were invalid due to mere change of opinion were answered by applying the statutory test for deduction and the scope of information under section 34(1)(b). The court found the predecessor officer had allowed a deduction without applying the statutory requirement, causing assessable income to escape assessment, and held that the successor's perusal of records and discovery of that omission constituted 'information' justifying reassessment. Outcome: escapement established and reassessments under section 34 upheld; matter remitted to the Tribunal for further proceedings. en-us Tue, 10 Jul 1962 00:00:00 +0530 Sat, 18 Feb 2017 16:41:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=190559 Whether income escaped assessment and whether reassessments were invalid due to mere change of opinion were answered by applying the statutory test for deduction and the scope of information under section 34(1)(b). The court found the predecessor officer had allowed a deduction without applying the statutory requirement, causing assessable income to escape assessment, and held that the successor's perusal of records and discovery of that omission constituted 'information' justifying reassessment. Outcome: escapement established and reassessments under section 34 upheld; matter remitted to the Tribunal for further proceedings. Case-Laws Income Tax Tue, 10 Jul 1962 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=190559