https://www.taxtmi.com/caselaws?id=20109 Suo motu revisional power under section 34 of the Kerala Agricultural Income-tax Act must be exercised within a reasonable time when it affects concluded assessments. Here, the assessments had long attained finality, and the revisional action was initiated nearly 15 years later without any cogent justification, supervening circumstance, or material explaining the delay. The court held that the statutory scheme did not permit such open-ended revision after the normal periods for reassessment and rectification had expired, so the proceedings were barred, unauthorised, and without jurisdiction. en-us Thu, 23 Sep 1993 00:00:00 +0530 Wed, 11 Nov 2009 17:06:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=20109 Suo motu revisional power under section 34 of the Kerala Agricultural Income-tax Act must be exercised within a reasonable time when it affects concluded assessments. Here, the assessments had long attained finality, and the revisional action was initiated nearly 15 years later without any cogent justification, supervening circumstance, or material explaining the delay. The court held that the statutory scheme did not permit such open-ended revision after the normal periods for reassessment and rectification had expired, so the proceedings were barred, unauthorised, and without jurisdiction. Case-Laws Income Tax Thu, 23 Sep 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=20109