https://www.taxtmi.com/caselaws?id=277245 A notice under Section 34 was held validly issued because the requisite "definite information" can include discovery of the state of the law (including retrospective promulgation of a regulation) as well as factual facts indicating income has escaped assessment; where earlier proceedings were void for lack of territorial operation of the statute, income may be treated as having escaped assessment permitting a fresh Section 34 notice. The High Court's remit is limited to questions of law referred by the Tribunal. Outcome: the 12 February 1944 notice was upheld and costs awarded against the assessee. en-us Wed, 14 Mar 1951 00:00:00 +0530 Thu, 29 Nov 2018 17:33:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=277245 A notice under Section 34 was held validly issued because the requisite "definite information" can include discovery of the state of the law (including retrospective promulgation of a regulation) as well as factual facts indicating income has escaped assessment; where earlier proceedings were void for lack of territorial operation of the statute, income may be treated as having escaped assessment permitting a fresh Section 34 notice. The High Court's remit is limited to questions of law referred by the Tribunal. Outcome: the 12 February 1944 notice was upheld and costs awarded against the assessee. Case-Laws Income Tax Wed, 14 Mar 1951 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=277245