https://www.taxtmi.com/caselaws?id=49343 A final Tribunal finding that no escaped income had been discovered bound the revenue and barred fresh proceedings under section 34 of the Indian Income-tax Act, 1922 on the same facts. Because the Tribunal had set aside the reassessment in full and its order was not challenged through the statutory remedies, that determination attained finality and could not be ignored in later proceedings. The amended wording of section 34 did not permit reopening to relitigate a concluded issue or circumvent a binding appellate order. The statutory power to reopen assessment remained subject to final adjudication and could not be used in derogation of it. en-us Fri, 30 Oct 1964 00:00:00 +0530 Thu, 21 Aug 2014 18:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=49343 A final Tribunal finding that no escaped income had been discovered bound the revenue and barred fresh proceedings under section 34 of the Indian Income-tax Act, 1922 on the same facts. Because the Tribunal had set aside the reassessment in full and its order was not challenged through the statutory remedies, that determination attained finality and could not be ignored in later proceedings. The amended wording of section 34 did not permit reopening to relitigate a concluded issue or circumvent a binding appellate order. The statutory power to reopen assessment remained subject to final adjudication and could not be used in derogation of it. Case-Laws Income Tax Fri, 30 Oct 1964 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=49343