https://www.taxtmi.com/caselaws?id=49619 The court upheld the revised assessment order, dismissing the appeal. It concluded that the decision of the Privy Council constituted valid "information" under section 34(1)(b) of the Income-tax Act. The court determined that both conditions for reassessment were satisfied, allowing the Income-tax Officer to reassess the appellant's income based on the belief that income had escaped assessment. en-us Wed, 01 Oct 1958 00:00:00 +0530 Fri, 05 Sep 2014 10:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=49619 The court upheld the revised assessment order, dismissing the appeal. It concluded that the decision of the Privy Council constituted valid "information" under section 34(1)(b) of the Income-tax Act. The court determined that both conditions for reassessment were satisfied, allowing the Income-tax Officer to reassess the appellant's income based on the belief that income had escaped assessment. Case-Laws Income Tax Wed, 01 Oct 1958 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=49619