https://www.taxtmi.com/caselaws?id=189232 The court held that the Board lacked jurisdiction to direct a fresh assessment more than one year after the assessment year's expiry. It clarified that losses under one head cannot be set off against income from another head. Additionally, it affirmed the assessment of 60% of income from shade trees as the applicant's income for a specific period. The court directed the judgment copy to be sent to the Revision Board and awarded costs to the assessee. en-us Thu, 28 Nov 1963 00:00:00 +0530 Mon, 02 Jan 2017 15:55:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=189232 The court held that the Board lacked jurisdiction to direct a fresh assessment more than one year after the assessment year's expiry. It clarified that losses under one head cannot be set off against income from another head. Additionally, it affirmed the assessment of 60% of income from shade trees as the applicant's income for a specific period. The court directed the judgment copy to be sent to the Revision Board and awarded costs to the assessee. Case-Laws Income Tax Thu, 28 Nov 1963 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=189232