Statute Bars Assessment Officer from Reassessing Income for 1998-2001; Past Accumulated Income Year Set for Taxing.

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....Reassessment - The statute having thus fixed the assessment year in which the entire past accumulated income falls to be taxed, it is impermissible in law for the assessing officer to entertain a reason to believe that income chargeable to tax for the assessment years 1998-99 to 2000-01 had escaped assessment. - HC....