Travancore Income-tax Act stating
therein that in consequence of definite information which
had come into his possession, he had discovered that the
income ... void :
Held, (1) that though the meaning of the phrase " definite
information " in S. 44 (1) Of the Cochin Income
applies to a case
where, in consequence of definite information possessed by
him, the Income-tax Officer discovers in regard to any
chargeable accounting period ... relief under section 6
S. 14 . " If, in consequence of definite information which
has come into his possession, the Income-tax Officer
discovers that
Profits Act, 1947
14. Profits escaping assessment.-
If, in consequence of definite information which has come into his possession, the Income- tax Officer discovers that
information should be more than mere gossip or rumour. But it need not be information of fact, nor need it be information of actual escape ... information of fact. Still less need it be information of actual escape from assessment or under-assessment. It may well be information of circumstances
High Court of Judicature, Madras
(i) "Whether there was definite information in the possession of the Income-tax Officer in consequence of which ... assessment, the Income-tax Officer comes into possession of information,
(ii) that information must be definite and
(iii) by reason of that information, he discovers
says that "definite information" may just as well be information as to the state of the law as information as to the state ... information which has come into his possession. Therefore, the information which must come into the possession of the Income-tax Officer must be information which
says that " definite information " may just as well be information as to the state of the law as information as to the state ... information which has come into his possession. Therefore the information which must come into the possession of the Income-tax Officer must be information which
Bihar v. Pratap Udi Nath (1941) I.T.R. 313 constitutes definite information within the meaning of Section 34 (as it stood before its amendment ... Pratap Udi Nath (1941) I.T.R. 313, constituted "definite information" within the meaning of Section 34 . That assumption itself appears
excess profits tax. Under s. 15, if in
consequence of definite information which has come into his
possession, the Excess Profits Tax Officer discovers that ... revised assessment under s. 15, and (2) whether
there was any definite information by virtue of which the
Excess Profits Tax Officer was competent
words "definite information" are wide enough to cover not only information on a question of fact, but also information on a question ... definitely of opinion that that decision of the Patana High Court cannot be said to constitute "definite information" within the meaning of section
