MAHARAJ KUMAR KAMAL SINGH vs THE COMMISSIONER OF INCOME-TAX, BIHAR & ORISSA

The Supreme Court held that the term 'information' in Section 34(1)(b) of the Indian Income-tax Act, 1922, encompasses legal information, including judicial decisions. The Court ruled that income can be considered to have 'escaped assessment' even if a return was submitted, provided the Income-tax Officer failed to tax a part of the assessable income due to an erroneous interpretation of law. The appeal was allowed, and the assessment order was revised to include the previously excluded interest on arrears of rent following the Privy Council's decision.