https://www.taxtmi.com/caselaws?id=20117 Revisional power to reopen concluded assessments must be exercised bona fide within a reasonable time and supported by cogent reasons explaining the delay. The Kerala High Court noted that earlier assessments had attained finality and that a later rectification did not remove the need to justify exercise of section 34 revisional jurisdiction after a long lapse. Because the revisional order gave no reasons for the delay or any exceptional circumstance warranting reopening, the order was held infirm and not in accordance with law, and the matter was remitted for fresh consideration on the governing principles of reasonable time. en-us Wed, 20 Jan 1993 00:00:00 +0530 Wed, 11 Nov 2009 17:21:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=20117 Revisional power to reopen concluded assessments must be exercised bona fide within a reasonable time and supported by cogent reasons explaining the delay. The Kerala High Court noted that earlier assessments had attained finality and that a later rectification did not remove the need to justify exercise of section 34 revisional jurisdiction after a long lapse. Because the revisional order gave no reasons for the delay or any exceptional circumstance warranting reopening, the order was held infirm and not in accordance with law, and the matter was remitted for fresh consideration on the governing principles of reasonable time. Case-Laws Income Tax Wed, 20 Jan 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=20117