https://www.taxtmi.com/caselaws?id=49538 The court held that the Income-tax Officer had jurisdiction to issue a notice for reassessment under section 34 of the Indian Income-tax Act due to the appellant's failure to disclose all material facts, allowing the reassessment based on undisclosed information. The court also ruled that the notice for reassessment was valid, issued within the prescribed period, and fell under section 34(1)(a) as income had escaped assessment. Consequently, the High Court's decision to dismiss the petition to quash the notice was upheld, and the appeal was dismissed with costs. en-us Mon, 05 Dec 1960 00:00:00 +0530 Sun, 31 Aug 2014 19:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=49538 The court held that the Income-tax Officer had jurisdiction to issue a notice for reassessment under section 34 of the Indian Income-tax Act due to the appellant's failure to disclose all material facts, allowing the reassessment based on undisclosed information. The court also ruled that the notice for reassessment was valid, issued within the prescribed period, and fell under section 34(1)(a) as income had escaped assessment. Consequently, the High Court's decision to dismiss the petition to quash the notice was upheld, and the appeal was dismissed with costs. Case-Laws Income Tax Mon, 05 Dec 1960 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=49538