https://www.taxtmi.com/caselaws?id=49563 Section 11(1) of the Business Profits Tax Act was construed as governing original assessments without any implied four-year limitation, while section 14 was treated as applying only to escaped, under-assessed, or reopened matters after assessment machinery had already been set in motion. The majority stressed the different statutory fields of the two provisions, the distinction between belief under section 11 and definite information under section 14, and declined to import the section 14 time bar into section 11. On that construction, "escaped assessment" did not cover cases where no prior assessment had begun, though one judge dissented and would have applied section 14 to the initiation of proceedings. en-us Fri, 06 May 1960 00:00:00 +0530 Wed, 03 Sep 2014 16:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=49563 Section 11(1) of the Business Profits Tax Act was construed as governing original assessments without any implied four-year limitation, while section 14 was treated as applying only to escaped, under-assessed, or reopened matters after assessment machinery had already been set in motion. The majority stressed the different statutory fields of the two provisions, the distinction between belief under section 11 and definite information under section 14, and declined to import the section 14 time bar into section 11. On that construction, "escaped assessment" did not cover cases where no prior assessment had begun, though one judge dissented and would have applied section 14 to the initiation of proceedings. Case-Laws Income Tax Fri, 06 May 1960 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=49563