https://www.taxtmi.com/caselaws?id=39895 Reassessment under section 34(1)(a) of the Indian Income-tax Act, 1922 required the Income-tax Officer to hold a good-faith belief, based on material with a rational nexus to under-assessment, that income escaped assessment because of failure to file a return or full and true disclosure of material facts. The adequacy or sufficiency of those reasons was not open to judicial scrutiny, provided the reasons were relevant and not extraneous. The recording of reasons and obtaining of sanction were administrative steps, and the statute did not require prior communication of the recorded reasons or the Commissioner's sanction to the assessee. en-us Tue, 27 Sep 1966 00:00:00 +0530 Wed, 13 Aug 2014 19:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=39895 Reassessment under section 34(1)(a) of the Indian Income-tax Act, 1922 required the Income-tax Officer to hold a good-faith belief, based on material with a rational nexus to under-assessment, that income escaped assessment because of failure to file a return or full and true disclosure of material facts. The adequacy or sufficiency of those reasons was not open to judicial scrutiny, provided the reasons were relevant and not extraneous. The recording of reasons and obtaining of sanction were administrative steps, and the statute did not require prior communication of the recorded reasons or the Commissioner's sanction to the assessee. Case-Laws Income Tax Tue, 27 Sep 1966 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=39895