1971 (9) TMI 47

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..... the following question for the opinion of this court : " Whether, on the facts and in the circumstances of the case, the Tribunal was right in holding that the assessee had no obligation to file an estimate of its income under section 18A(3) of the Act of 1922 ? " The assessee is a private limited company. During the financial year relevant for the assessment year 1959-60 the assessee did not fi .....

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..... the assessee had been provisionally assessed to tax for the assessment year 1957-58 under section 23B of the Act of 1922, on February 13, 1968. Following the decision of this court in Income-tax Officer v. Mani Ram, the Appellate Assistant Commissioner held that the assessee was not obliged to file an estimate of its income under section 18A(3) in the absence of a notice from the Income-tax Offic .....

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..... ncome-tax Officer an estimate of the tax payable by him on that part of his income to which section 18 does not apply and must pay the amount in accordance with section 18A(1). It has now been held by the Supreme Court in Income-tax Officer v. Mani Ram, affirming the decision of this court, that the word " assessed " in section 18A(3) should be read in its ordinary sense as comprising every kind o .....

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