https://www.taxtmi.com/caselaws?id=289896 Reassessment under section 34 of the Income-tax Act, 1922 required definite information leading to discovery of escaped assessment; a later change of opinion on facts already before the Income-tax Officer was insufficient. The original assessment had already considered the commission income and the competing claims of the assessee and the Hindu undivided family, and the officer had consciously treated the income as belonging to the family. The Appellate Assistant Commissioner's later view did not introduce any new fact. Section 34 was therefore inapplicable and the reassessment proceedings were incompetent. en-us Tue, 19 Mar 1957 00:00:00 +0530 Fri, 28 Aug 2020 17:59:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=289896 Reassessment under section 34 of the Income-tax Act, 1922 required definite information leading to discovery of escaped assessment; a later change of opinion on facts already before the Income-tax Officer was insufficient. The original assessment had already considered the commission income and the competing claims of the assessee and the Hindu undivided family, and the officer had consciously treated the income as belonging to the family. The Appellate Assistant Commissioner's later view did not introduce any new fact. Section 34 was therefore inapplicable and the reassessment proceedings were incompetent. Case-Laws Income Tax Tue, 19 Mar 1957 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=289896