https://www.taxtmi.com/caselaws?id=7562 A reassessment notice under section 34(1)(a) of the Indian Income-tax Act, 1922 must rest on material having a rational connection with the assessee's alleged omission or failure to disclose fully and truly all material facts for the relevant year. For assessment year 1943-44, the sole material was a partnership-firm deposit said to represent third-party gold sale proceeds, with no shown link to the assessee or any relevant non-disclosure; the notice was therefore invalid and quashed. For assessment year 1944-45, the notice was supported by several grounds, including an unexplained substantial investment by the Hindu undivided family; since at least one germane ground existed, the notice was upheld. en-us Mon, 20 Jan 1969 00:00:00 +0530 Mon, 02 Mar 2009 13:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=7562 A reassessment notice under section 34(1)(a) of the Indian Income-tax Act, 1922 must rest on material having a rational connection with the assessee's alleged omission or failure to disclose fully and truly all material facts for the relevant year. For assessment year 1943-44, the sole material was a partnership-firm deposit said to represent third-party gold sale proceeds, with no shown link to the assessee or any relevant non-disclosure; the notice was therefore invalid and quashed. For assessment year 1944-45, the notice was supported by several grounds, including an unexplained substantial investment by the Hindu undivided family; since at least one germane ground existed, the notice was upheld. Case-Laws Income Tax Mon, 20 Jan 1969 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=7562