https://www.taxtmi.com/caselaws?id=5385 The Court declined to express any opinion on the revocation of the assessee's change of previous year, noting that later assessments had proceeded on the calendar year basis and that disturbing them after many years would cause practical hardship; the appeal was disposed of under Article 136 without deciding the substantive issue. On liability under section 41(1), the Court held that no cessation of liability can be assumed while the relevant appeal and related Tribunal proceedings remain pending, and the assessment may be adjusted once those proceedings are finally resolved. en-us Sun, 05 Jan 1992 00:00:00 +0530 Tue, 09 Dec 2025 11:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=5385 The Court declined to express any opinion on the revocation of the assessee's change of previous year, noting that later assessments had proceeded on the calendar year basis and that disturbing them after many years would cause practical hardship; the appeal was disposed of under Article 136 without deciding the substantive issue. On liability under section 41(1), the Court held that no cessation of liability can be assumed while the relevant appeal and related Tribunal proceedings remain pending, and the assessment may be adjusted once those proceedings are finally resolved. Case-Laws Income Tax Sun, 05 Jan 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=5385