https://www.taxtmi.com/caselaws?id=188386 A return is not invalid merely because it omits a precise profit figure if the assessing authority entertains it, acts on it, and issues a notice on that basis; the statute's machinery for seeking further particulars preserves its validity. On that footing, reassessment proceedings could not be sustained where jurisdiction was assumed on an invalid premise, and the assessment made under those proceedings was held unsustainable. The stated principle is that a return remains legally effective when accepted and acted upon, even if incomplete in detail, and reassessment cannot rest on jurisdiction that was not properly attracted. en-us Fri, 02 Aug 1963 00:00:00 +0530 Tue, 29 Nov 2016 10:28:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=188386 A return is not invalid merely because it omits a precise profit figure if the assessing authority entertains it, acts on it, and issues a notice on that basis; the statute's machinery for seeking further particulars preserves its validity. On that footing, reassessment proceedings could not be sustained where jurisdiction was assumed on an invalid premise, and the assessment made under those proceedings was held unsustainable. The stated principle is that a return remains legally effective when accepted and acted upon, even if incomplete in detail, and reassessment cannot rest on jurisdiction that was not properly attracted. Case-Laws Income Tax Fri, 02 Aug 1963 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=188386