https://www.taxtmi.com/caselaws?id=38311 Reassessment under section 34(1A) of the Indian Income-tax Act, 1922 required the Income-tax Officer to hold a reasonable and bona fide belief that income had escaped assessment. Because the revised assessment orders for the relevant years were still being enforced, recovery proceedings continued, and the assessee's properties remained under attachment, the revenue could not consistently claim that no effective assessment existed or that the earlier orders were cancelled. On those facts, the requisite belief could not be formed on the date of the notices, so the reassessment proceedings were invalid and without jurisdiction. en-us Fri, 06 Aug 1976 00:00:00 +0530 Mon, 05 Apr 2010 13:34:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=38311 Reassessment under section 34(1A) of the Indian Income-tax Act, 1922 required the Income-tax Officer to hold a reasonable and bona fide belief that income had escaped assessment. Because the revised assessment orders for the relevant years were still being enforced, recovery proceedings continued, and the assessee's properties remained under attachment, the revenue could not consistently claim that no effective assessment existed or that the earlier orders were cancelled. On those facts, the requisite belief could not be formed on the date of the notices, so the reassessment proceedings were invalid and without jurisdiction. Case-Laws Income Tax Fri, 06 Aug 1976 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=38311