https://www.taxtmi.com/caselaws?id=29426 Reassessment beyond the normal limitation period could not be saved by the second proviso to section 34(3) unless a finding necessary to decide the appeal concerned a person legally and intimately connected with the appealed assessment. An incidental statement affecting executors of an independent estate did not constitute a binding finding or direction. The reassessment notices were therefore time-barred. Reassessment also could not rest on failure to make a full and true disclosure where estate income had been disclosed and the income-tax authority had chosen to assess it in another person's hands. Rectification was unavailable because a consciously reached assessment decision was not a mistake apparent from the record merely due to a later contrary view. en-us Tue, 14 Apr 1981 00:00:00 +0530 Fri, 12 Mar 2010 17:12:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=29426 Reassessment beyond the normal limitation period could not be saved by the second proviso to section 34(3) unless a finding necessary to decide the appeal concerned a person legally and intimately connected with the appealed assessment. An incidental statement affecting executors of an independent estate did not constitute a binding finding or direction. The reassessment notices were therefore time-barred. Reassessment also could not rest on failure to make a full and true disclosure where estate income had been disclosed and the income-tax authority had chosen to assess it in another person's hands. Rectification was unavailable because a consciously reached assessment decision was not a mistake apparent from the record merely due to a later contrary view. Case-Laws Income Tax Tue, 14 Apr 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=29426