https://www.taxtmi.com/caselaws?id=49628 The court upheld the validity of proceedings under section 34 of the Indian Income-tax Act, ruling that proper notice is a prerequisite for reassessment. It also deemed the cancellation of firm registration under rule 6B lawful, clarifying that the rule aligns with the Act's provisions. The court did not address the legality of assessing escaped income based on unregistered firms, suggesting this issue could be raised in appeals. The appeals were dismissed, affirming the High Court's decision and highlighting alternative remedies available to the appellants under section 27 of the Act. en-us Wed, 15 Oct 1958 00:00:00 +0530 Wed, 03 Feb 2016 16:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=49628 The court upheld the validity of proceedings under section 34 of the Indian Income-tax Act, ruling that proper notice is a prerequisite for reassessment. It also deemed the cancellation of firm registration under rule 6B lawful, clarifying that the rule aligns with the Act's provisions. The court did not address the legality of assessing escaped income based on unregistered firms, suggesting this issue could be raised in appeals. The appeals were dismissed, affirming the High Court's decision and highlighting alternative remedies available to the appellants under section 27 of the Act. Case-Laws Income Tax Wed, 15 Oct 1958 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=49628