https://www.taxtmi.com/caselaws?id=290180 A verified return previously filed for the relevant assessment year may support the validity of a later response to a reassessment notice where that response clearly relies on the earlier return and demonstrates substantive compliance, despite not repeating income particulars. Failure to produce account books required under a statutory notice can justify best-judgment assessment without a separate notice for regular assessment. Reassessment provisions apply where income has escaped assessment. The reassessment proceedings and best-judgment assessment were sustained. en-us Mon, 16 Feb 1942 00:00:00 +0630 Sat, 12 Sep 2020 10:54:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=290180 A verified return previously filed for the relevant assessment year may support the validity of a later response to a reassessment notice where that response clearly relies on the earlier return and demonstrates substantive compliance, despite not repeating income particulars. Failure to produce account books required under a statutory notice can justify best-judgment assessment without a separate notice for regular assessment. Reassessment provisions apply where income has escaped assessment. The reassessment proceedings and best-judgment assessment were sustained. Case-Laws Income Tax Mon, 16 Feb 1942 00:00:00 +0630 https://www.taxtmi.com/caselaws?id=290180