https://www.taxtmi.com/caselaws?id=189232 The HC held that a revisional authority could not direct a fresh escaped-assessment proceeding after expiry of the statutory one-year period, because a valid notice to commence such proceedings would then be time-barred. It also held that, in computing total agricultural income, losses under one head could not be set off against income under another head unless the Act expressly allowed inter-head set-off; loss was treated as nil income. The Court further held that income from tea-garden shade trees for the relevant period was assessable as agricultural income and formed part of total agricultural income. 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 HC held that a revisional authority could not direct a fresh escaped-assessment proceeding after expiry of the statutory one-year period, because a valid notice to commence such proceedings would then be time-barred. It also held that, in computing total agricultural income, losses under one head could not be set off against income under another head unless the Act expressly allowed inter-head set-off; loss was treated as nil income. The Court further held that income from tea-garden shade trees for the relevant period was assessable as agricultural income and formed part of total agricultural income. Case-Laws Income Tax Thu, 28 Nov 1963 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=189232