https://www.taxtmi.com/caselaws?id=49618 A voluntary return filed under section 22(3) before assessment is a valid return in law, even if it shows income below the taxable limit. Once such a return is on record, there is no omission or failure to file a return and no basis for treating the matter as escaped assessment. The reassessment power under section 34(1) applies only where its statutory conditions are met, so a notice issued on that footing is invalid. An assessment made pursuant to such an invalid notice cannot be sustained and the ordinary assessment process must proceed on the return already filed. en-us Fri, 08 May 1959 00:00:00 +0530 Thu, 04 Sep 2014 12:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=49618 A voluntary return filed under section 22(3) before assessment is a valid return in law, even if it shows income below the taxable limit. Once such a return is on record, there is no omission or failure to file a return and no basis for treating the matter as escaped assessment. The reassessment power under section 34(1) applies only where its statutory conditions are met, so a notice issued on that footing is invalid. An assessment made pursuant to such an invalid notice cannot be sustained and the ordinary assessment process must proceed on the return already filed. Case-Laws Income Tax Fri, 08 May 1959 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=49618