https://www.taxtmi.com/caselaws?id=49393 The court held that the second proviso to section 34(3) of the Indian Income-tax Act, 1922, does not extend the time limit for initiating reassessment proceedings for years not under appeal or revision. The notice issued under section 34(1)(a) was deemed barred by limitation, leading to the dismissal of the appeal with costs. Despite a dissenting opinion by Mudholkar J., the majority decision prevailed, resulting in the appeal's ultimate dismissal. en-us Wed, 29 Jan 1964 00:00:00 +0530 Sat, 28 Feb 2015 11:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=49393 The court held that the second proviso to section 34(3) of the Indian Income-tax Act, 1922, does not extend the time limit for initiating reassessment proceedings for years not under appeal or revision. The notice issued under section 34(1)(a) was deemed barred by limitation, leading to the dismissal of the appeal with costs. Despite a dissenting opinion by Mudholkar J., the majority decision prevailed, resulting in the appeal's ultimate dismissal. Case-Laws Income Tax Wed, 29 Jan 1964 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=49393