https://www.taxtmi.com/caselaws?id=49567 The extension statute was construed to substitute the Central Government for the State Government in exercising powers under the special income-tax investigation scheme, so a direction for reassessment based on the Commission's report was competent. The expression referring to "the report" was read as the report of the Travancore-Cochin Investigation Commission, and the prior State action did not bar the later Central direction because both pursued recovery of tax lawfully due. The scheme was also read as containing no one-time restriction, while its finality provision displaced the ordinary limitation bar and allowed reassessment notwithstanding earlier demand and lapse of time. en-us Thu, 01 Sep 1960 00:00:00 +0530 Tue, 02 Sep 2014 16:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=49567 The extension statute was construed to substitute the Central Government for the State Government in exercising powers under the special income-tax investigation scheme, so a direction for reassessment based on the Commission's report was competent. The expression referring to "the report" was read as the report of the Travancore-Cochin Investigation Commission, and the prior State action did not bar the later Central direction because both pursued recovery of tax lawfully due. The scheme was also read as containing no one-time restriction, while its finality provision displaced the ordinary limitation bar and allowed reassessment notwithstanding earlier demand and lapse of time. Case-Laws Income Tax Thu, 01 Sep 1960 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=49567