https://www.taxtmi.com/caselaws?id=39045 A reassessment notice issued under section 34(1)(a) was valid, but it could not be used to bring to tax an item falling only under section 34(1)(b) after the four-year limitation for that clause had expired. The Court held that section 34 created distinct fields of operation with separate limitation periods, so a notice under clause (a) could authorise reassessment only within that clause and could not be converted into a clause (b) notice to overcome the statutory bar. The item therefore remained outside reassessment jurisdiction, and the answer was in favour of the assessee. en-us Tue, 04 Dec 1973 00:00:00 +0530 Mon, 12 Apr 2010 11:59:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=39045 A reassessment notice issued under section 34(1)(a) was valid, but it could not be used to bring to tax an item falling only under section 34(1)(b) after the four-year limitation for that clause had expired. The Court held that section 34 created distinct fields of operation with separate limitation periods, so a notice under clause (a) could authorise reassessment only within that clause and could not be converted into a clause (b) notice to overcome the statutory bar. The item therefore remained outside reassessment jurisdiction, and the answer was in favour of the assessee. Case-Laws Income Tax Tue, 04 Dec 1973 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=39045