" In Canara Industrial and Banking Syndicate Limited vs Com missioner of Income tax, Mysore,(1) the Mysore High Court held that "if income had escaped assessment owing to the failure of the Income tax Officer to understand the true implication of a notification, and the Income tax Officer later on finds that on a correct interpretation of the notification the income was liable to be assessed, he can take proceedings under section 34 for assessment of such income; the word 'information ' in section 34 is wide enough to apply to such a case." The last case to which reference is made is Asghar Ali Mohammad Ali vs Commissioner of Income tax(1) wherein the Allahabad High Court held that "the word 'information ' used in the provision covers all kinds of information received from any person whatsoever or in any manner whatsoever; all that is required is that the Income tax Officer should learn something i.e. he should know something which he did not know previously.