https://www.taxtmi.com/caselaws?id=168747 Section 25(4) of the Indian Income-tax Act, 1918 was treated as containing two distinct reliefs. The first, exempting income of the broken period between the end of the previous year and the date of succession, operated automatically and did not require any claim within the one-year limit in Section 25(5). The second, allowing the income of the previous year to be deemed income of the broken period, was expressly claim-based and had to be made within one year from succession; otherwise, it could not be entertained. The text draws a clear distinction between automatic exemption and time-barred deeming relief. en-us Fri, 06 Oct 1950 00:00:00 +0530 Wed, 25 Mar 2015 12:40:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=168747 Section 25(4) of the Indian Income-tax Act, 1918 was treated as containing two distinct reliefs. The first, exempting income of the broken period between the end of the previous year and the date of succession, operated automatically and did not require any claim within the one-year limit in Section 25(5). The second, allowing the income of the previous year to be deemed income of the broken period, was expressly claim-based and had to be made within one year from succession; otherwise, it could not be entertained. The text draws a clear distinction between automatic exemption and time-barred deeming relief. Case-Laws Income Tax Fri, 06 Oct 1950 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=168747