https://www.taxtmi.com/caselaws?id=9091 Reassessment under the Income-tax Act, 1961 is available where earlier proceedings had been initiated under section 22(2) of the 1922 Act but no assessment order was made before limitation expired. The mere pendency of prior assessment proceedings does not prevent income from being treated as escaped assessment if no effective assessment resulted within the statutory period. In that situation, the Income-tax Officer may invoke section 147(1)(b) and issue notice under section 148. The challenge to reassessment on the ground of pending earlier proceedings therefore fails. en-us Fri, 16 Nov 1973 00:00:00 +0530 Fri, 19 Jun 2009 13:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=9091 Reassessment under the Income-tax Act, 1961 is available where earlier proceedings had been initiated under section 22(2) of the 1922 Act but no assessment order was made before limitation expired. The mere pendency of prior assessment proceedings does not prevent income from being treated as escaped assessment if no effective assessment resulted within the statutory period. In that situation, the Income-tax Officer may invoke section 147(1)(b) and issue notice under section 148. The challenge to reassessment on the ground of pending earlier proceedings therefore fails. Case-Laws Income Tax Fri, 16 Nov 1973 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=9091