https://www.taxtmi.com/caselaws?id=69357 An assessee may maintain different previous years for different sources of income, and the choice of previous year for a particular source lies with the assessee. Where dividend income has consistently been accounted for on the basis of a year ending 30 June, and no reason is shown to disturb that regular method, the tax authority cannot unilaterally substitute the financial year as the previous year for dividend income alone. The assessee was therefore entitled to assessment on the previous year it had consistently maintained for that source. en-us Wed, 19 Aug 1981 00:00:00 +0530 Wed, 06 Apr 2011 13:17:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=69357 An assessee may maintain different previous years for different sources of income, and the choice of previous year for a particular source lies with the assessee. Where dividend income has consistently been accounted for on the basis of a year ending 30 June, and no reason is shown to disturb that regular method, the tax authority cannot unilaterally substitute the financial year as the previous year for dividend income alone. The assessee was therefore entitled to assessment on the previous year it had consistently maintained for that source. Case-Laws Income Tax Wed, 19 Aug 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=69357