Tax Management India. Com
Law and Practice  :  Digital eBook
Research is most exciting & rewarding


  TMI - Tax Management India. Com
Follow us:
  Facebook   Twitter   Linkedin   Telegram

TMI Blog

Home

1957 (11) TMI 32

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ntur, to consider the claim of the petitioner and give relief under section 25(4) of the Indian Income-tax Act. The facts leading up to the petition may be briefly stated thus: The petitioner's father who carried on a tobacco business was an income-tax assessee under the Income-tax Act, 1918, and for the assessment year 1948-49, he was assessed as an individual. There was a partition of the .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... nying the return dated July 3, 1948, to indicate that consequent upon the discontinuance of the business there was also succession thereto by virtue of the partition. The petitioner and his brother as the representatives of their father did not also make any claim as required by section 25(4) until after the expiry of the period of one year prescribed by section 25(5). The Income-tax Officer, ther .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ent of the income of the said period and adjustment of the tax paid on the income of the previous year with reference to the income so assessed and a refund of the excess tax, if any, already paid. If the Income-tax Officer has to take action in this manner for granting this relief, it stands to reason that a time limit should be imposed for a claim to be made in that behalf, as the task of making .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

 

 

 

 

Quick Updates:Latest Updates