https://www.taxtmi.com/caselaws?id=38712 Voluntary returns filed after expiry of the original filing period could still be accepted before assessment under section 16(3), because that provision allowed a return or revised return to be furnished at any time before assessment was completed. Section 35 applied only where income had escaped assessment or been under-assessed, requiring reassessment machinery. Where the assessee filed returns voluntarily before completion of assessment, the matter did not fall within escaped assessment and section 35 was unnecessary. The assessments based on those voluntary returns were therefore valid, and the contrary view taken by the Tribunal was incorrect. en-us Thu, 24 Mar 1977 00:00:00 +0530 Thu, 08 Apr 2010 15:08:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=38712 Voluntary returns filed after expiry of the original filing period could still be accepted before assessment under section 16(3), because that provision allowed a return or revised return to be furnished at any time before assessment was completed. Section 35 applied only where income had escaped assessment or been under-assessed, requiring reassessment machinery. Where the assessee filed returns voluntarily before completion of assessment, the matter did not fall within escaped assessment and section 35 was unnecessary. The assessments based on those voluntary returns were therefore valid, and the contrary view taken by the Tribunal was incorrect. Case-Laws Income Tax Thu, 24 Mar 1977 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=38712