https://www.taxtmi.com/caselaws?id=277030 A notice for reassessment under section 34 of the Income-tax Act, 1922 was held competent despite an earlier return, because the return had been treated as not requiring assessment and escaped income from undisclosed sources could still be brought to tax. Section 13(1) of the Finance Act, 1950 and the Part B States (Taxation Concessions) Order, 1950 did not preserve the Mysore Income-tax Act for the disputed income, as the relevant period fell within the Indian Income-tax Act framework. The amended section 34 also applied because the notice was issued within the statutory period. Chargeability need not be finally established before notice; that question could be decided in reassessment proceedings. en-us Thu, 19 Mar 1959 00:00:00 +0530 Thu, 22 Nov 2018 14:25:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=277030 A notice for reassessment under section 34 of the Income-tax Act, 1922 was held competent despite an earlier return, because the return had been treated as not requiring assessment and escaped income from undisclosed sources could still be brought to tax. Section 13(1) of the Finance Act, 1950 and the Part B States (Taxation Concessions) Order, 1950 did not preserve the Mysore Income-tax Act for the disputed income, as the relevant period fell within the Indian Income-tax Act framework. The amended section 34 also applied because the notice was issued within the statutory period. Chargeability need not be finally established before notice; that question could be decided in reassessment proceedings. Case-Laws Income Tax Thu, 19 Mar 1959 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=277030