https://www.taxtmi.com/caselaws?id=8478 Sections 35(5) of the 1922 Act and 147(b) of the 1961 Act were described as operating in different fields: rectification under section 35(5) corrected a partner's share after the firm's assessment, while section 147(b) addressed escaped income. The expiry of the rectification time limit did not bar reassessment if the separate conditions for reopening were met. Allocation reports were treated as external information capable of supporting reopening, and the earlier inclusion of the partner's share on the basis of the return was treated as a completed assessment, not an impermissible piecemeal assessment. en-us Fri, 17 Sep 1971 00:00:00 +0530 Sun, 26 Apr 2009 22:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=8478 Sections 35(5) of the 1922 Act and 147(b) of the 1961 Act were described as operating in different fields: rectification under section 35(5) corrected a partner's share after the firm's assessment, while section 147(b) addressed escaped income. The expiry of the rectification time limit did not bar reassessment if the separate conditions for reopening were met. Allocation reports were treated as external information capable of supporting reopening, and the earlier inclusion of the partner's share on the basis of the return was treated as a completed assessment, not an impermissible piecemeal assessment. Case-Laws Income Tax Fri, 17 Sep 1971 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=8478