1958 (10) TMI 2 - SC - Income Tax

Whether in the circumstances of the case the assessment order under section 34 of the Act of the interest on arrears of rent is legal ?

Held that:- In the result we hold that the Patna High Court was right in coming to the conclusion that the decision of the Privy Council was information within the meaning of section 34(1)(b) and that the said decision justified the belief of the Income-tax Officer that part of the appellant's income had escaped assessment for the relevant year. Appeal dismissed.