https://www.taxtmi.com/caselaws?id=7362 Reassessment under section 34 could be initiated where income had escaped assessment because the ordinary assessment period had expired, even though returns had been filed, so the notices were valid in principle. However, the notices and resulting assessments were ultimately barred by limitation because they were issued after the four-year period under section 34(1)(b), and the second proviso to section 34(3) could not save them once it was treated as void for authorising time-barred proceedings against a person other than the assessee. The reassessment proceedings therefore could not stand. en-us Fri, 24 May 1968 00:00:00 +0530 Wed, 18 Feb 2009 11:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=7362 Reassessment under section 34 could be initiated where income had escaped assessment because the ordinary assessment period had expired, even though returns had been filed, so the notices were valid in principle. However, the notices and resulting assessments were ultimately barred by limitation because they were issued after the four-year period under section 34(1)(b), and the second proviso to section 34(3) could not save them once it was treated as void for authorising time-barred proceedings against a person other than the assessee. The reassessment proceedings therefore could not stand. Case-Laws Income Tax Fri, 24 May 1968 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=7362