https://www.taxtmi.com/caselaws?id=22574 Section 34 confers wide revisional power without a fixed limitation period, but the power must still be exercised bona fide and within a reasonable time. A completed assessment cannot be reopened after long delay unless cogent reasons justify the lapse, especially where escaped assessment and rectification provisions may be the proper route. The authority must also identify the correct jurisdictional basis before proceeding. Here, the revisional order did not properly address either the delay or the source of power, so the matter required fresh consideration and reconsideration in accordance with law. en-us Wed, 10 Oct 1990 00:00:00 +0530 Fri, 11 Dec 2009 12:16:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=22574 Section 34 confers wide revisional power without a fixed limitation period, but the power must still be exercised bona fide and within a reasonable time. A completed assessment cannot be reopened after long delay unless cogent reasons justify the lapse, especially where escaped assessment and rectification provisions may be the proper route. The authority must also identify the correct jurisdictional basis before proceeding. Here, the revisional order did not properly address either the delay or the source of power, so the matter required fresh consideration and reconsideration in accordance with law. Case-Laws Income Tax Wed, 10 Oct 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=22574