THE VIth INCOME-TAX OFFICER, CITY CIRCLE II-A, ABANGALORE vs K.Y. PILLAIAH & SONS

The Supreme Court held that under Section 34 of the Mysore Income-tax Act, if a notice is served within four years from the close of the assessment year, the Income-tax Officer can complete the reassessment proceedings even after the four-year period has expired, as there is no prescribed time limit for completing the proceedings. The Court found that the High Court erred in restraining the Income-tax Officer from proceeding with the reassessment, as the notice served in March 1951 was valid. The appeal was allowed, and the High Court's order was set aside.