https://www.taxtmi.com/caselaws?id=276721 Reassessment under Section 34 of the Income-tax Act, 1922 could not be sustained where the Income-tax Officer already had the relevant material and later relied only on the Tribunal's differing view of the same facts. The provision required definite fresh information leading to discovery of escaped income; a mere change of opinion on facts already within the officer's knowledge was insufficient. As no new material emerged after the original enquiry, reopening the assessment was invalid and the reference was answered against the Commissioner. en-us Tue, 13 Mar 1951 00:00:00 +0530 Fri, 16 Nov 2018 13:24:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=276721 Reassessment under Section 34 of the Income-tax Act, 1922 could not be sustained where the Income-tax Officer already had the relevant material and later relied only on the Tribunal's differing view of the same facts. The provision required definite fresh information leading to discovery of escaped income; a mere change of opinion on facts already within the officer's knowledge was insufficient. As no new material emerged after the original enquiry, reopening the assessment was invalid and the reference was answered against the Commissioner. Case-Laws Income Tax Tue, 13 Mar 1951 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=276721