https://www.taxtmi.com/caselaws?id=38011 Reassessment under section 34(1)(b) of the Income-tax Act, 1922 is valid where the original assessment did not form any definite opinion on the relevant issue and reopening is based on information derived from the record or a proper examination of the material. The original assessment for 1957-58 had not considered whether trust income was assessable in the settlor's hands because of the trust's revocability. Earlier assessments and isolated references to the trust deed did not amount to a concluded view. The reopening was therefore not a mere change of opinion and the reassessment was upheld. en-us Wed, 21 Jun 1978 00:00:00 +0530 Fri, 02 Apr 2010 15:24:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=38011 Reassessment under section 34(1)(b) of the Income-tax Act, 1922 is valid where the original assessment did not form any definite opinion on the relevant issue and reopening is based on information derived from the record or a proper examination of the material. The original assessment for 1957-58 had not considered whether trust income was assessable in the settlor's hands because of the trust's revocability. Earlier assessments and isolated references to the trust deed did not amount to a concluded view. The reopening was therefore not a mere change of opinion and the reassessment was upheld. Case-Laws Income Tax Wed, 21 Jun 1978 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=38011