https://www.taxtmi.com/caselaws?id=276859 Reassessment under the Income-tax Act, 1922 was treated as not time-barred where it was made in consequence of an appellate finding or direction, because the second proviso to section 34(3) overrides the ordinary limitation period. The appellate authority's statement that a sum could be brought to tax in an earlier assessment year was held to be a valid finding, not a mere incidental observation, since it dealt with a matter actually raised and argued. That finding could be used to reopen the related assessment year, and the tax authority was entitled to act on it. en-us Fri, 17 Oct 1958 00:00:00 +0530 Mon, 19 Nov 2018 16:30:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=276859 Reassessment under the Income-tax Act, 1922 was treated as not time-barred where it was made in consequence of an appellate finding or direction, because the second proviso to section 34(3) overrides the ordinary limitation period. The appellate authority's statement that a sum could be brought to tax in an earlier assessment year was held to be a valid finding, not a mere incidental observation, since it dealt with a matter actually raised and argued. That finding could be used to reopen the related assessment year, and the tax authority was entitled to act on it. Case-Laws Income Tax Fri, 17 Oct 1958 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=276859