Court upholds tax case decision, assessee must stand by incorrect return

The High Court of Madras upheld the Tribunal's decision in a tax case where the assessee submitted an incorrect return without providing a valid reason. The court stated that the assessee must stand by the return made and dismissed the petition.

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The High Court of Madras upheld the Tribunal's decision in a tax case where the assessee submitted an incorrect return without providing a valid reason. The court stated that the assessee must stand by the return made and dismissed the petition. (Case citation: 1969 (7) TMI 108 - MADRAS HIGH COURT)

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