TMI Blog1985 (10) TMI 16X X X X Extracts X X X X X X X X Extracts X X X X ..... following question for our opinion : "Whether, on the facts and in the circumstances of the case, and on proper interpretation of section 3(4) of the Income-tax Act, 1961, the Appellate Tribunal was right in law in affirming the order of the Income-tax Officer and directing him to proceed on the basis as if consent for change of previous year had been granted ?" However, after hearing the lear ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... evious years from the calendar year to the financial year. As the application as well as the orders passed on that application were not available on record, information was sought from Shri Jagmohan Chopra if any consent was given, as alleged. Shri Chopra having denied the same, the assessing authority rejected the contention of the assessee and framed the assessment adopting the previous year end ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... d. As the provisions of section 3(4) of the Act did not envisage any implied consent, the Appellate Assistant Commissioner was not competent to record the finding that the consent would be deemed to have been given. The argument is wholly fallacious and is based on the assumption that the Appellate Assistant Commissioner has recorded finding that the consent would be deemed to have been given. On ..... X X X X Extracts X X X X X X X X Extracts X X X X
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