https://www.taxtmi.com/caselaws?id=7200 Income from undisclosed sources must be assessed only in the statutory previous year ending on 31 March immediately preceding the assessment year, so an assessee cannot choose a different accounting year. Where the receipts fell outside the relevant previous year for assessment year 1948-49, the objection went to assessability and jurisdiction, and it could properly be raised for the first time in appeal if the point was decidable on the existing record. The appellate authority also had no power to shift the amount to another year or reopen a different assessment for that purpose. The Tribunal was therefore not right in refusing to entertain the contention. en-us Thu, 09 Feb 1967 00:00:00 +0530 Thu, 12 Feb 2009 16:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=7200 Income from undisclosed sources must be assessed only in the statutory previous year ending on 31 March immediately preceding the assessment year, so an assessee cannot choose a different accounting year. Where the receipts fell outside the relevant previous year for assessment year 1948-49, the objection went to assessability and jurisdiction, and it could properly be raised for the first time in appeal if the point was decidable on the existing record. The appellate authority also had no power to shift the amount to another year or reopen a different assessment for that purpose. The Tribunal was therefore not right in refusing to entertain the contention. Case-Laws Income Tax Thu, 09 Feb 1967 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=7200