https://www.taxtmi.com/caselaws?id=8049 Reopening under section 34(1)(b) of the Income-tax Act, 1922 was considered valid where the original assessment record did not show that the Income-tax Officer had formed any definite opinion on the taxability of the material in question. The court applied the principle that reassessment is permitted when later information leads to a belief that income has escaped assessment, but not where the officer merely changes a concluded view. On the facts, the material had been available earlier, yet the record suggested uncertainty rather than a final determination, so the reassessment was upheld. en-us Mon, 16 Nov 1970 00:00:00 +0530 Fri, 27 Mar 2009 12:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=8049 Reopening under section 34(1)(b) of the Income-tax Act, 1922 was considered valid where the original assessment record did not show that the Income-tax Officer had formed any definite opinion on the taxability of the material in question. The court applied the principle that reassessment is permitted when later information leads to a belief that income has escaped assessment, but not where the officer merely changes a concluded view. On the facts, the material had been available earlier, yet the record suggested uncertainty rather than a final determination, so the reassessment was upheld. Case-Laws Income Tax Mon, 16 Nov 1970 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=8049