https://www.taxtmi.com/caselaws?id=13223 A compounding scheme under section 13 of the Agricultural Income-tax Act operates as an alternate mode of assessment in place of the ordinary charging provisions, but tax determined under that scheme remains tax payable under the Act. Section 14 expressly extends section 41 reassessment powers to assessments made under section 13 where tax has escaped assessment, so the absence of a conventional income computation does not bar reopening. With sanction under section 41(2) obtained, the Assessing Officer was competent to revise the assessments, and the challenge to the reassessment notices failed. en-us Tue, 28 Feb 2006 00:00:00 +0530 Wed, 27 May 2009 13:35:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=13223 A compounding scheme under section 13 of the Agricultural Income-tax Act operates as an alternate mode of assessment in place of the ordinary charging provisions, but tax determined under that scheme remains tax payable under the Act. Section 14 expressly extends section 41 reassessment powers to assessments made under section 13 where tax has escaped assessment, so the absence of a conventional income computation does not bar reopening. With sanction under section 41(2) obtained, the Assessing Officer was competent to revise the assessments, and the challenge to the reassessment notices failed. Case-Laws Income Tax Tue, 28 Feb 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=13223