https://www.taxtmi.com/caselaws?id=49518 The Supreme Court upheld the legality of proceedings under section 34 of the Income-tax Act for reopening assessments for a Hindu undivided family for the years 1944-45, 1945-46, and 1946-47, despite challenges. The appellant's dispute over the quantum of escaped income was dismissed as they had not contested it during earlier proceedings, leading to the dismissal of the appeals. The Court emphasized that the appellant cannot later contest the assessment quantum after conceding it earlier, affirming the High Court's decision on the assessment and the validity of the proceedings. en-us Tue, 18 Oct 1960 00:00:00 +0530 Mon, 01 Sep 2014 21:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=49518 The Supreme Court upheld the legality of proceedings under section 34 of the Income-tax Act for reopening assessments for a Hindu undivided family for the years 1944-45, 1945-46, and 1946-47, despite challenges. The appellant's dispute over the quantum of escaped income was dismissed as they had not contested it during earlier proceedings, leading to the dismissal of the appeals. The Court emphasized that the appellant cannot later contest the assessment quantum after conceding it earlier, affirming the High Court's decision on the assessment and the validity of the proceedings. Case-Laws Income Tax Tue, 18 Oct 1960 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=49518