https://www.taxtmi.com/caselaws?id=49348 The court affirmed the High Court's decision that the reassessment under section 34 of the Indian Income-tax Act, 1922 for the year 1944-45 was not valid. The appeal challenging the reassessment was dismissed, emphasizing the interpretation of section 22(3) regarding the validity of the return filed by the assessee. The court held that the return filed by the assessee in response to the notice under section 34 could be considered valid under section 22(3), rejecting arguments to the contrary based on previous cases and clarifying the treatment of returns in such circumstances. en-us Tue, 27 Oct 1964 00:00:00 +0530 Thu, 21 Aug 2014 19:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=49348 The court affirmed the High Court's decision that the reassessment under section 34 of the Indian Income-tax Act, 1922 for the year 1944-45 was not valid. The appeal challenging the reassessment was dismissed, emphasizing the interpretation of section 22(3) regarding the validity of the return filed by the assessee. The court held that the return filed by the assessee in response to the notice under section 34 could be considered valid under section 22(3), rejecting arguments to the contrary based on previous cases and clarifying the treatment of returns in such circumstances. Case-Laws Income Tax Tue, 27 Oct 1964 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=49348