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1972 (5) TMI 12 - HC - Income TaxAssessee is a public limited company - As there was a revision under section 33B of the old Act for the assessment year 1959-60 by the Commissioner of Income-tax, the Income-tax officer considered it necessary to rectify the assessment orders passed in respect of the later two assessment years, viz., 1960-61 and 1961-62, which are now in question. He, accordingly, issued a notice under section 154 of the new Act, calling for objections, if any, from the assessee. After due formalities, the assessments were rectified under section 154 of the new Act - Whether on the facts and in the circumstances of the case, the rectification order could be passed only under section 35 of the IT Act, 1922, and not under section 154(1)(a) of the IT Act, 1961
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