https://www.taxtmi.com/caselaws?id=10449 The High Court of Allahabad ruled in favor of the Department, emphasizing the broad interpretation of the term "assessment" under section 155 of the Income-tax Act, 1961. The Court held that proceedings under section 155, amending assessments based on changes in firm status, are integral to the assessment process. It clarified that even without resorting to section 155, the Assessing Officer has jurisdiction to complete assessments following a status change. This case underscores the significance of interpreting legal terms comprehensively to ensure accurate application of tax laws and regulations. en-us Mon, 14 Feb 2005 00:00:00 +0530 Wed, 15 Jul 2009 19:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=10449 The High Court of Allahabad ruled in favor of the Department, emphasizing the broad interpretation of the term "assessment" under section 155 of the Income-tax Act, 1961. The Court held that proceedings under section 155, amending assessments based on changes in firm status, are integral to the assessment process. It clarified that even without resorting to section 155, the Assessing Officer has jurisdiction to complete assessments following a status change. This case underscores the significance of interpreting legal terms comprehensively to ensure accurate application of tax laws and regulations. Case-Laws Income Tax Mon, 14 Feb 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=10449