https://www.taxtmi.com/caselaws?id=39738 Reassessment under section 34(1)(b) of the Indian Income-tax Act, 1922 was invalid where the Income-tax Officer relied on no fresh information and merely reappraised material already on record. The later view that the youngest son would attain majority on a future date, and that the trust estate would remain under administration until then, was already apparent from the will and the original assessment record. Because the reopening was founded only on a change of opinion and not on information leading to a belief that income had escaped assessment, the reopening failed against the Revenue. en-us Thu, 18 Jul 1974 00:00:00 +0530 Tue, 20 Apr 2010 10:27:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=39738 Reassessment under section 34(1)(b) of the Indian Income-tax Act, 1922 was invalid where the Income-tax Officer relied on no fresh information and merely reappraised material already on record. The later view that the youngest son would attain majority on a future date, and that the trust estate would remain under administration until then, was already apparent from the will and the original assessment record. Because the reopening was founded only on a change of opinion and not on information leading to a belief that income had escaped assessment, the reopening failed against the Revenue. Case-Laws Income Tax Thu, 18 Jul 1974 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=39738