https://www.taxtmi.com/caselaws?id=49639 Reassessment notices under the Cochin and Travancore income-tax laws were sustained because the materials showed definite information giving rise to an honest belief that income had escaped assessment. The expression "assessment" in section 13(1) of the Finance Act, 1950, was construed broadly to include reassessment, so the statutory transfer covered the entire process of levy and assessment. The financial agreements with the former Indian States, given constitutional sanctity, did not bar reassessment where the recommendations preserved pending proceedings and the finality of completed matters. The Travancore-Cochin appeals were dismissed, and the Mysore appeals were allowed. en-us Mon, 28 Apr 1958 00:00:00 +0530 Thu, 19 Jan 2017 17:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=49639 Reassessment notices under the Cochin and Travancore income-tax laws were sustained because the materials showed definite information giving rise to an honest belief that income had escaped assessment. The expression "assessment" in section 13(1) of the Finance Act, 1950, was construed broadly to include reassessment, so the statutory transfer covered the entire process of levy and assessment. The financial agreements with the former Indian States, given constitutional sanctity, did not bar reassessment where the recommendations preserved pending proceedings and the finality of completed matters. The Travancore-Cochin appeals were dismissed, and the Mysore appeals were allowed. Case-Laws Income Tax Mon, 28 Apr 1958 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=49639