Supreme Court Dismisses Assessee's Appeal in Income Tax Reassessment Jurisdiction Case Under Section 34 of Income-tax Act, 1922. Reasonable Grounds for Belief of Non-disclosure of Investments and Suppressed House Property Vested Income-tax Officer with Jurisdiction to Reassess Under-Assessed Income for Assessment Year 1951-52....
The appeal arose from a dispute over the jurisdiction of the Income-tax Officer to initiate reassessment proceedings under Section 34(1)(a) of the Income-tax Act, 1922 for the assessment year 1951-52....
