https://www.taxtmi.com/caselaws?id=6982 Under section 34(1)(b) of the Income-tax Act, 1922, reassessment is not invalid merely because the Income-tax Officer did not record in writing the subsequent information forming the belief that income had escaped assessment; post-1956, the statute required possession of such information, not a formal written note. The article also explains that where the officer accepted nil income and directed the case to be filed, the original proceedings were treated as finally disposed of, not left pending. On that basis, reassessment could proceed and the earlier assessment could not be treated as non-existent. en-us Wed, 22 Feb 1967 00:00:00 +0530 Sat, 07 Feb 2009 13:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=6982 Under section 34(1)(b) of the Income-tax Act, 1922, reassessment is not invalid merely because the Income-tax Officer did not record in writing the subsequent information forming the belief that income had escaped assessment; post-1956, the statute required possession of such information, not a formal written note. The article also explains that where the officer accepted nil income and directed the case to be filed, the original proceedings were treated as finally disposed of, not left pending. On that basis, reassessment could proceed and the earlier assessment could not be treated as non-existent. Case-Laws Income Tax Wed, 22 Feb 1967 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=6982