https://www.taxtmi.com/caselaws?id=8527 A reassessment notice under the Income-tax Act, 1922 could validly follow where earlier proceedings were dropped without a merits adjudication, because such withdrawal did not bar a later notice. Completion of the original assessment did not prevent subsequent action when escaped income had not been considered in the assessment and no rule was shown to exclude later reassessment on the basis of prior information. The notice was also treated as in time because the extended limitation provisions applied, including the conditions relating to the amount of under-assessment and the required sanction. The challenge to the reassessment notice therefore failed. en-us Wed, 03 Apr 1968 00:00:00 +0530 Wed, 29 Apr 2009 18:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=8527 A reassessment notice under the Income-tax Act, 1922 could validly follow where earlier proceedings were dropped without a merits adjudication, because such withdrawal did not bar a later notice. Completion of the original assessment did not prevent subsequent action when escaped income had not been considered in the assessment and no rule was shown to exclude later reassessment on the basis of prior information. The notice was also treated as in time because the extended limitation provisions applied, including the conditions relating to the amount of under-assessment and the required sanction. The challenge to the reassessment notice therefore failed. Case-Laws Income Tax Wed, 03 Apr 1968 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=8527