1927 (2) TMI 16

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..... impose any period of limitation within which the Commissioner's powers of review under section 35 in respect of an assessment proceeding must be exercised? (a)If so, is the Commissioner debarred from reviewing the, present case? We have recently held in Reference No. 20 of 1926(1) that the Income-tax Commissioners powers under section 33 are subject to the limitation imposed by section 35 .....

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..... ever may be the reason for which the Income-tax Officer should fail to assess any income within the period prescribed by law, he is not competent to assess it after the expiration of that period of limitation. So in the present case, no action could be taken in 1926 either under section 33 or 34 in respect of an income derived during the accounting period of 1921-22. After all, the Income-tax depa .....

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