https://www.taxtmi.com/caselaws?id=8090 Provisional assessment under section 20(1) of the Mysore Agricultural Income-tax Act, 1957 is confined to a summary computation on the basis of the return and accompanying accounts, after allowing the statutory deductions and carried-forward loss. Construed in line with section 141 of the Income-tax Act, 1961, it does not permit the assessing authority to investigate the correctness of the returned figures or to assess income not admitted by the assessee at that stage. On that basis, a provisional assessment extending to unadmitted income was without jurisdiction and the demand and recovery proceedings were quashed. en-us Thu, 26 Nov 1970 00:00:00 +0530 Sat, 28 Mar 2009 11:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=8090 Provisional assessment under section 20(1) of the Mysore Agricultural Income-tax Act, 1957 is confined to a summary computation on the basis of the return and accompanying accounts, after allowing the statutory deductions and carried-forward loss. Construed in line with section 141 of the Income-tax Act, 1961, it does not permit the assessing authority to investigate the correctness of the returned figures or to assess income not admitted by the assessee at that stage. On that basis, a provisional assessment extending to unadmitted income was without jurisdiction and the demand and recovery proceedings were quashed. Case-Laws Income Tax Thu, 26 Nov 1970 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=8090