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1977 (1) TMI 112 - SUPREME COURT
Whether the period of four years is to be calculated from March 21, 1963, when the initial assessment orders were made, or from June 8, 1966, when the orders under section 12A of the Act were made?
Held that:- Appeal allowed. As the period of four years should be calculated from June 8, 1966, i.e., the date on which orders under section 12A of the Act were made. The reason for that is that once an assessment is reopened, the initial order for assessment ceases to be operative.