https://www.taxtmi.com/caselaws?id=18640 Suo motu revisional power under section 34 of the Agricultural Income-tax Act, 1950 must be exercised within a reasonable time, and unexplained delay can render the action unsustainable. The Kerala High Court held that a belated initiation of revision nearly eight years after the end of the relevant assessment year was not supported by any material showing acceptable reasons or insurmountable difficulties beyond control. In the absence of a satisfactory explanation, the notice and consequential revisional proceedings were held barred by limitation and lacking jurisdiction, and the proceedings were quashed in favour of the assessee. en-us Fri, 19 Jan 1996 00:00:00 +0530 Sat, 31 Oct 2009 10:44:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=18640 Suo motu revisional power under section 34 of the Agricultural Income-tax Act, 1950 must be exercised within a reasonable time, and unexplained delay can render the action unsustainable. The Kerala High Court held that a belated initiation of revision nearly eight years after the end of the relevant assessment year was not supported by any material showing acceptable reasons or insurmountable difficulties beyond control. In the absence of a satisfactory explanation, the notice and consequential revisional proceedings were held barred by limitation and lacking jurisdiction, and the proceedings were quashed in favour of the assessee. Case-Laws Income Tax Fri, 19 Jan 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=18640