https://www.taxtmi.com/caselaws?id=7448 Section 3 of the Expenditure-tax Act remained the charging provision, so tax was attracted to expenditure incurred in the previous year and assessed for the relevant assessment year. Section 53 of the Finance Act, 1964, merely revived the Expenditure-tax Act and did not change that basic scheme. Applying that framework, the assessee's accounting period from 1 July to 30 June meant the notice could validly seek a return covering expenditure from 1 July 1962 to 11 March 1963. The challenge to the notice therefore failed. en-us Tue, 15 Oct 1968 00:00:00 +0530 Fri, 20 Feb 2009 11:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=7448 Section 3 of the Expenditure-tax Act remained the charging provision, so tax was attracted to expenditure incurred in the previous year and assessed for the relevant assessment year. Section 53 of the Finance Act, 1964, merely revived the Expenditure-tax Act and did not change that basic scheme. Applying that framework, the assessee's accounting period from 1 July to 30 June meant the notice could validly seek a return covering expenditure from 1 July 1962 to 11 March 1963. The challenge to the notice therefore failed. Case-Laws Income Tax Tue, 15 Oct 1968 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=7448