https://www.taxtmi.com/caselaws?id=14074 The High Court upheld the Tribunal's decision, ruling in favor of the Revenue and against the assessee. The court determined that the assessment for each year must be conducted independently based on the total income of that specific year, in accordance with the provisions of section 64(1)(i) of the Income-tax Act, 1961. en-us Thu, 18 Jan 2001 00:00:00 +0530 Mon, 13 Jul 2009 13:35:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=14074 The High Court upheld the Tribunal's decision, ruling in favor of the Revenue and against the assessee. The court determined that the assessment for each year must be conducted independently based on the total income of that specific year, in accordance with the provisions of section 64(1)(i) of the Income-tax Act, 1961. Case-Laws Income Tax Thu, 18 Jan 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=14074