https://www.taxtmi.com/caselaws?id=277160 The court held that the proceedings under Section 34 of the Indian Income-tax Act were valid as the Income-tax Officer had sufficient information to reassess the applicant's income. The court rejected the argument that the notice was invalid due to timing issues, emphasizing that the notice was based on the officer's own calculations. Even if the notice was defective, it would not affect the validity of the assessment or the liability to pay tax. The court affirmed the validity of the proceedings and ruled in favor of the tax authority, ordering the applicant to pay the reassessed amounts and the costs of the reference. en-us Fri, 23 Feb 1951 00:00:00 +0530 Tue, 27 Nov 2018 14:56:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=277160 The court held that the proceedings under Section 34 of the Indian Income-tax Act were valid as the Income-tax Officer had sufficient information to reassess the applicant's income. The court rejected the argument that the notice was invalid due to timing issues, emphasizing that the notice was based on the officer's own calculations. Even if the notice was defective, it would not affect the validity of the assessment or the liability to pay tax. The court affirmed the validity of the proceedings and ruled in favor of the tax authority, ordering the applicant to pay the reassessed amounts and the costs of the reference. Case-Laws Income Tax Fri, 23 Feb 1951 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=277160