https://www.taxtmi.com/caselaws?id=282783 A company that has already distributed dividends meeting the statutory threshold on the basis of its return may still retain the further three-month opportunity under section 23A(2)(iii) if the later enhancement of assessed income does not fall within the specified exceptions. A reassessment under section 34(1)(a) does not, by itself, establish failure to disclose fully and truly, so the protection is not automatically lost. The discussion links the dividend-distribution requirement, the statutory locus poenitentiae, and the limits on rectification under section 35 before penal super-tax can be enforced. en-us Thu, 07 Nov 1963 00:00:00 +0530 Fri, 23 Aug 2019 12:01:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=282783 A company that has already distributed dividends meeting the statutory threshold on the basis of its return may still retain the further three-month opportunity under section 23A(2)(iii) if the later enhancement of assessed income does not fall within the specified exceptions. A reassessment under section 34(1)(a) does not, by itself, establish failure to disclose fully and truly, so the protection is not automatically lost. The discussion links the dividend-distribution requirement, the statutory locus poenitentiae, and the limits on rectification under section 35 before penal super-tax can be enforced. Case-Laws Income Tax Thu, 07 Nov 1963 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=282783