https://www.taxtmi.com/caselaws?id=7639 A reassessment notice under section 34(1)(b) of the Indian Income-tax Act, 1922 was upheld where a successor Income-tax Officer discovered that the original assessment had wrongly applied section 24(2), causing escapement of income. The court treated the later discovery of that assessment error as sufficient information to reopen the assessment, and held that the power is not confined to the officer who made the original order. It further noted that the materials did not justify interference under Article 226 of the Constitution. The notice was therefore sustained and the challenge failed. en-us Mon, 31 Mar 1969 00:00:00 +0530 Tue, 17 Mar 2009 08:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=7639 A reassessment notice under section 34(1)(b) of the Indian Income-tax Act, 1922 was upheld where a successor Income-tax Officer discovered that the original assessment had wrongly applied section 24(2), causing escapement of income. The court treated the later discovery of that assessment error as sufficient information to reopen the assessment, and held that the power is not confined to the officer who made the original order. It further noted that the materials did not justify interference under Article 226 of the Constitution. The notice was therefore sustained and the challenge failed. Case-Laws Income Tax Mon, 31 Mar 1969 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=7639