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1962 (12) TMI 55 - SC - Income TaxWhether the proceedings under section 34 of the Indian Income-tax Act initiated on 25th July 1949 to assess the amount of Rs. 9,180/which escaped assessment during the year 1942-43 by failure to submit a voluntary return are valid in law ? Held that:- Appeal allowed. Sec 34 of the principal Act as amended in 1948 applies to the notice-issued and the assessment order made in this case. Both of them are valid under s. 34 as so amended. The High 'Court should have answered the question framed in the affirmative.
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