https://www.taxtmi.com/caselaws?id=7609 The proviso to section 2(11)(a) of the Indian Income-tax Act, 1922 was read as limiting the Income-tax Officer's power to consenting to and regulating the length of the previous year. Once a shorter previous year was permitted and the income for that period was ascertained, the applicable tax rate had to be taken from the Finance Act governing that period. The officer could not impose a condition that income of a period shorter than twelve months be taxed as if it were twelve months' income. Income for the nine-month period was therefore taxable only at the rate applicable to that period. en-us Wed, 18 Jun 1969 00:00:00 +0530 Thu, 05 Mar 2009 15:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=7609 The proviso to section 2(11)(a) of the Indian Income-tax Act, 1922 was read as limiting the Income-tax Officer's power to consenting to and regulating the length of the previous year. Once a shorter previous year was permitted and the income for that period was ascertained, the applicable tax rate had to be taken from the Finance Act governing that period. The officer could not impose a condition that income of a period shorter than twelve months be taxed as if it were twelve months' income. Income for the nine-month period was therefore taxable only at the rate applicable to that period. Case-Laws Income Tax Wed, 18 Jun 1969 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=7609