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2014 (4) TMI 901 - ALLAHABAD HIGH COURTValidity of framing single assessment for entire period –Validity of order passed - Held that:- The Tribunal rightly held that the order u/s 154 has been set aside in appeal and the order has attained finality, resulting that the order passed granting permission to adopt the previous year ending on 30th June stood valid - there is no justification in taking a different view in the matter – the very basis of passing two assessment orders does not survive, thus, there is no error in the order of the Tribunal – the assessment made for the A.Y.1989-90 for the period is in consonance with the amended Section 3, which stood amended by the Taxation Laws (Amendment) Act, 1987 – the amendment was applicable to the assessment year 1989-90, there is no ambiguity in adopting the period of assessment from 1.1.1987 to 31.3.1989 – Decided against Revenue.
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