https://www.taxtmi.com/caselaws?id=273212 Section 34 was confined to income, profits or gains that had escaped assessment or been assessed too low, and the power to assess or reassess extended only to that escaped portion. It did not authorise a fresh assessment of the whole income, nor did it permit the appellate authority to reopen or reduce the original assessment made under Section 23(4) beyond the escaped-income proceeding. Section 34 was also not a revisional provision and could not be used to grant relief merely because the original assessment was said to be excessive. The reference was therefore answered against the assessee. en-us Fri, 16 May 1930 00:00:00 +0530 Tue, 12 Jun 2018 10:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=273212 Section 34 was confined to income, profits or gains that had escaped assessment or been assessed too low, and the power to assess or reassess extended only to that escaped portion. It did not authorise a fresh assessment of the whole income, nor did it permit the appellate authority to reopen or reduce the original assessment made under Section 23(4) beyond the escaped-income proceeding. Section 34 was also not a revisional provision and could not be used to grant relief merely because the original assessment was said to be excessive. The reference was therefore answered against the assessee. Case-Laws Income Tax Fri, 16 May 1930 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=273212