https://www.taxtmi.com/caselaws?id=69200 A belated return filed before completion of assessment must be considered, and a best judgment assessment cannot be sustained where the return, books and objections are ignored. The assessments and consequential penalties failed on this ground because they were based without examining the filed returns. The assessments also were vitiated for lack of independent application of mind, as the assessing authority acted mechanically on inspection reports and superior officers' directions without separately considering the assessee's objections. The assessments and penalties were annulled and the matter was remanded for fresh adjudication after consideration of the returns, objections and further evidence. en-us Thu, 20 Jan 1977 00:00:00 +0530 Tue, 05 Apr 2011 17:02:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=69200 A belated return filed before completion of assessment must be considered, and a best judgment assessment cannot be sustained where the return, books and objections are ignored. The assessments and consequential penalties failed on this ground because they were based without examining the filed returns. The assessments also were vitiated for lack of independent application of mind, as the assessing authority acted mechanically on inspection reports and superior officers' directions without separately considering the assessee's objections. The assessments and penalties were annulled and the matter was remanded for fresh adjudication after consideration of the returns, objections and further evidence. Case-Laws Income Tax Thu, 20 Jan 1977 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=69200