https://www.taxtmi.com/caselaws?id=273549 A later income-tax authority may reach a conclusion differing from an earlier one where fresh material is produced on further inquiry; such fresh material, if it justifies a different factual finding after investigation, permits reopening or a different outcome. Applying that principle, the Commissioner conducted a fresh, detailed inquiry with the assessee, considered account notes and itemised evidence, and found that three debts had become bad long before the relevant accounting year. The Commissioner's disallowance for assessment year 1935-36 was therefore justified on the basis of fresh material supporting the factual finding. en-us Mon, 28 Apr 1941 00:00:00 +0530 Mon, 02 Jul 2018 14:18:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=273549 A later income-tax authority may reach a conclusion differing from an earlier one where fresh material is produced on further inquiry; such fresh material, if it justifies a different factual finding after investigation, permits reopening or a different outcome. Applying that principle, the Commissioner conducted a fresh, detailed inquiry with the assessee, considered account notes and itemised evidence, and found that three debts had become bad long before the relevant accounting year. The Commissioner's disallowance for assessment year 1935-36 was therefore justified on the basis of fresh material supporting the factual finding. Case-Laws Income Tax Mon, 28 Apr 1941 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=273549