https://www.taxtmi.com/caselaws?id=9314 Under the Gift-tax Act, 1958, an assessment order that finally determines tax for an assessment year is a final assessment where the Act contains no provision for provisional assessment. On that basis, the Gift-tax Officer's treatment of financial year 1959-60 as the previous year for assessment year 1960-61 was ative, and an office note could not convert the completed assessment into a provisional one. The second proviso to section 2(xx) therefore applied, so the previous year already adopted continued to govern subsequent assessment years unless varied with the Gift-tax Officer's consent. The issue was answered in favour of the assessee. en-us Fri, 05 Oct 1973 00:00:00 +0530 Sun, 21 Jun 2009 18:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=9314 Under the Gift-tax Act, 1958, an assessment order that finally determines tax for an assessment year is a final assessment where the Act contains no provision for provisional assessment. On that basis, the Gift-tax Officer's treatment of financial year 1959-60 as the previous year for assessment year 1960-61 was ative, and an office note could not convert the completed assessment into a provisional one. The second proviso to section 2(xx) therefore applied, so the previous year already adopted continued to govern subsequent assessment years unless varied with the Gift-tax Officer's consent. The issue was answered in favour of the assessee. Case-Laws Income Tax Fri, 05 Oct 1973 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=9314