https://www.taxtmi.com/caselaws?id=246932 The High Court affirmed the Tribunal's decision to uphold the order directing a single assessment for the entire period from 1.1.1987 to 31.3.1989 for a company engaged in distillery and fertilizer business. The court ruled in favor of the assessee, validating the permission to adopt the previous year ending on 30th June despite initial cancellation by the assessing authority. The legality of the order under Section 154 and its impact on the assessment year were also upheld, with the court emphasizing the validity of the original permission granted and dismissing the revenue's appeals. en-us Thu, 24 Apr 2014 00:00:00 +0530 Sat, 21 Feb 2015 11:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=246932 The High Court affirmed the Tribunal's decision to uphold the order directing a single assessment for the entire period from 1.1.1987 to 31.3.1989 for a company engaged in distillery and fertilizer business. The court ruled in favor of the assessee, validating the permission to adopt the previous year ending on 30th June despite initial cancellation by the assessing authority. The legality of the order under Section 154 and its impact on the assessment year were also upheld, with the court emphasizing the validity of the original permission granted and dismissing the revenue's appeals. Case-Laws Income Tax Thu, 24 Apr 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=246932