https://www.taxtmi.com/caselaws?id=289897 Reassessment under section 34 of the Income-tax Act, 1922 was said to be invalid where the material relied on was already before the Income-tax Officer at the original assessment, because reopening required definite new information showing escapement of income; on the stated facts, the Department failed to establish such fresh discovery, so the reassessment was treated as invalid. The article also states that sale proceeds from timber trees were not agricultural income unless they resulted from human agricultural operations on the land, and spontaneous forest growth did not qualify. The proceeds were likewise not casual income, because the timber sale arose from a structured process of cutting and disposal. The receipts were therefore taxable on the legal analysis presented. en-us Mon, 25 Mar 1957 00:00:00 +0530 Fri, 28 Aug 2020 18:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=289897 Reassessment under section 34 of the Income-tax Act, 1922 was said to be invalid where the material relied on was already before the Income-tax Officer at the original assessment, because reopening required definite new information showing escapement of income; on the stated facts, the Department failed to establish such fresh discovery, so the reassessment was treated as invalid. The article also states that sale proceeds from timber trees were not agricultural income unless they resulted from human agricultural operations on the land, and spontaneous forest growth did not qualify. The proceeds were likewise not casual income, because the timber sale arose from a structured process of cutting and disposal. The receipts were therefore taxable on the legal analysis presented. Case-Laws Income Tax Mon, 25 Mar 1957 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=289897