Escaped Income - Definition - Law Dictionary Home Dictionary Definition escaped-income

Definition :

Escaped income, it would be difficult to confine the meaning of the word 'escape' only to cases where no return has been submitted by the assessee. Even if the assessee has submitted a return of his income, cases may well occur where the whole of the income has not been assessed and, such part of the income as has not been assessed can well be regarded as having escaped assessment, Maharaj Kumar Kamal Singh v. C.I.T., AIR 1959 SC 257 (261): 1959 Supp (1) SCR 10. (Income-tax Act, 1922, s. 34)