https://www.taxtmi.com/caselaws?id=39995 The Supreme Court held that revision under section 34 of the Kerala Agricultural Income-tax Act could be used where deductions had been wrongly allowed after the assessing officer had applied his mind, resulting in under-assessment. The mere existence of a specific reassessment provision under section 35 did not mean every under-assessment was a case of escaped assessment. Because the assessee had disclosed the income and the allowance of deductions was a matter already considered, the later correction was treated as revision of an erroneous assessment, not reassessment of income escaping assessment. The Commissioner therefore had jurisdiction under section 34, and the revisional order was upheld. en-us Fri, 07 May 1976 00:00:00 +0530 Tue, 05 Aug 2014 10:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=39995 The Supreme Court held that revision under section 34 of the Kerala Agricultural Income-tax Act could be used where deductions had been wrongly allowed after the assessing officer had applied his mind, resulting in under-assessment. The mere existence of a specific reassessment provision under section 35 did not mean every under-assessment was a case of escaped assessment. Because the assessee had disclosed the income and the allowance of deductions was a matter already considered, the later correction was treated as revision of an erroneous assessment, not reassessment of income escaping assessment. The Commissioner therefore had jurisdiction under section 34, and the revisional order was upheld. Case-Laws Indian Laws Fri, 07 May 1976 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=39995