https://www.taxtmi.com/caselaws?id=272878 An operative judicial finding in a connected assessment can constitute "information" for reopening under section 34(1)(b) of the Indian Income-tax Act when it alters the legal basis of the assessee's original assessment. Here, the later appellate order in the related firm's case conclusively established that the two firms were separate legal entities and that the relevant payment belonged to the assessee firm, which changed the factual and legal footing on which the earlier assessment had proceeded. That connected determination supplied the Income-tax Officer with the requisite information and reason to believe that income had escaped assessment or been under-assessed, making the reopening valid. en-us Thu, 25 Jul 1963 00:00:00 +0530 Tue, 22 May 2018 16:54:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=272878 An operative judicial finding in a connected assessment can constitute "information" for reopening under section 34(1)(b) of the Indian Income-tax Act when it alters the legal basis of the assessee's original assessment. Here, the later appellate order in the related firm's case conclusively established that the two firms were separate legal entities and that the relevant payment belonged to the assessee firm, which changed the factual and legal footing on which the earlier assessment had proceeded. That connected determination supplied the Income-tax Officer with the requisite information and reason to believe that income had escaped assessment or been under-assessed, making the reopening valid. Case-Laws Income Tax Thu, 25 Jul 1963 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=272878