https://www.taxtmi.com/caselaws?id=192861 A second notice under section 34(1) of the Indian Income-tax Act was treated as valid because the provision imposed no limit on the number of reassessment notices that could be issued within the prescribed time. Pending proceedings from an earlier notice did not bar a fresh notice, since the statute allowed reassessment whenever escaped income came to light. The proviso to section 34(3) governed only the time for completing reassessment and did not restrict issuance of another notice. The authority cited on pending original assessment proceedings was distinguished as inapplicable to successive notices. en-us Wed, 17 Feb 1960 00:00:00 +0530 Tue, 27 Jun 2017 16:44:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=192861 A second notice under section 34(1) of the Indian Income-tax Act was treated as valid because the provision imposed no limit on the number of reassessment notices that could be issued within the prescribed time. Pending proceedings from an earlier notice did not bar a fresh notice, since the statute allowed reassessment whenever escaped income came to light. The proviso to section 34(3) governed only the time for completing reassessment and did not restrict issuance of another notice. The authority cited on pending original assessment proceedings was distinguished as inapplicable to successive notices. Case-Laws Income Tax Wed, 17 Feb 1960 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=192861