https://www.taxtmi.com/caselaws?id=7251 Section 35 of the Kerala Agricultural Income-tax Act, 1950 is explained as permitting reassessment where agricultural income has escaped assessment or been assessed too low. The expression "any reason" is stated to be of wide import, and escapement is not confined to income omitted from the return; it also covers income left out of charge because a rebate or allowance was wrongly granted during the original assessment. On that reasoning, an improper allowance of rebate of insurance premium is treated as falling within income escaping assessment, making section 35 available to revoke the mistaken allowance. en-us Thu, 24 Aug 1967 00:00:00 +0530 Mon, 16 Feb 2009 11:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=7251 Section 35 of the Kerala Agricultural Income-tax Act, 1950 is explained as permitting reassessment where agricultural income has escaped assessment or been assessed too low. The expression "any reason" is stated to be of wide import, and escapement is not confined to income omitted from the return; it also covers income left out of charge because a rebate or allowance was wrongly granted during the original assessment. On that reasoning, an improper allowance of rebate of insurance premium is treated as falling within income escaping assessment, making section 35 available to revoke the mistaken allowance. Case-Laws Income Tax Thu, 24 Aug 1967 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=7251