TMI Blog1956 (9) TMI 47X X X X Extracts X X X X X X X X Extracts X X X X ..... 1955.* This case relates to the assessment for three months in the year 1952-53. The respondent has not submitted any return declaring his turnover because according to him he had stopped the business as (1) [1956] 7 S.T.C. 346; A.I.R. 1956 Mad. 480. Since reported as The Public Prosecutor v. K.P. Chandrasekharan [1957] (8 S.T.C. 6). it ended in a loss. But in a statement by the respondent be ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... al Tax Officer by notice dated 20th March, 1954, Exhibit P-2, called upon him to pay the tax by assessing the assessee to the best of his judgment. For the quarter he assessed him on the turnover of Rs. 50,000 on the basis of the turnover of Rs. 2,00,000 determined for the previous year. In the Crl. R.C. No. 711 of 1955, I pointed out that the assessment made by the authorities on the basis to the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... dent on the ground that there was no basis for the assessment on Rs. 50,000 as turnover. It is not correct in holding that there is no basis. But in that case I have pointed out that the previous assessment was not a valid one and the assessment on the basis of the previous invalidated assessment cannot therefore be held to be valid in this case also. For both the reasons I must hold that the acqu ..... X X X X Extracts X X X X X X X X Extracts X X X X
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