https://www.taxtmi.com/caselaws?id=276863 The HC held that an Appellate Assistant Commissioner may validly record a finding on the correct assessment year when that issue is raised by the assessee and is necessary to dispose of the appeal; the finding that the income was assessable in 1946-47 was therefore within jurisdiction under section 31. It further held that a reassessment notice under section 34(1)(b) was not time-barred because the second proviso to section 34(3) applies where the notice is issued in consequence of, or to give effect to, such a valid appellate finding. The notice was upheld and the challenge failed. en-us Wed, 05 Jul 1961 00:00:00 +0530 Mon, 19 Nov 2018 16:45:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=276863 The HC held that an Appellate Assistant Commissioner may validly record a finding on the correct assessment year when that issue is raised by the assessee and is necessary to dispose of the appeal; the finding that the income was assessable in 1946-47 was therefore within jurisdiction under section 31. It further held that a reassessment notice under section 34(1)(b) was not time-barred because the second proviso to section 34(3) applies where the notice is issued in consequence of, or to give effect to, such a valid appellate finding. The notice was upheld and the challenge failed. Case-Laws Income Tax Wed, 05 Jul 1961 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=276863