1972 (3) TMI 16 - ALLAHABAD HIGH COURT

Return is filed prior to 1st April, 1962 - revised return is filed after that date - which act is applicable - Income-tax Officer had jurisdiction to take and continue the assessment proceedings. He enjoyed that jurisdiction under the Act of 1922 by virtue of section 297(2)(a) of the Act of 1961. The conditions and limitations to which that jurisdiction is subject do not differ in any material respect from those governing the corresponding jurisdiction under the Income-tax Act, 1961. Therefore, although the assessment proceedings purported to have been taken in its later stage by reference to the provisions of the Act of 1961, it must be referred to the jurisdiction of the Income-tax Officer under the Act of 1922 - assessment for the assessment year 1961-62 is a valid assessment