Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 1972 (9) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
1972 (9) TMI 37 - HC - Income TaxRetirement of Partner - Reassessment of Firm - These are petitions for the issue of writs of certiorari to quash the orders of the respondent made under section 155 of the Income-tax Act, 1961 - Though the petitioner has raised a point in the affidavit that the provisions of section 155 should not be invoked for the assessment years in question and only section 35(5) of the old Act was applicable, he was not able to show how under section 35(5) or the provisions of the old Act, the revision of assessment could not have been made. Both under the old Act and under the new Act, there is power to rectify the partner's assessment consequent on the assessment or reassessment of the income of the firm. The provisions in the old Act and in the new Act in respect of this power are substantially the same - petition dismissed
|