https://www.taxtmi.com/caselaws?id=276660 Income earned before the relevant year of account could not be brought into assessment for that year, even if the firm was otherwise assessable under the governing provision. The amount had already been earned and reflected in earlier books and balances, so its inclusion in the taxable income for the assessment year was not permitted by law. The assessee's reliance on a different objection did not validate an assessment that the statute did not authorise, and no reassessment of escaped income had been initiated under the applicable provision. The inclusion was therefore held unlawful, and the issue was answered in favour of the assessee. en-us Tue, 25 Nov 1941 00:00:00 +0630 Thu, 15 Nov 2018 12:50:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=276660 Income earned before the relevant year of account could not be brought into assessment for that year, even if the firm was otherwise assessable under the governing provision. The amount had already been earned and reflected in earlier books and balances, so its inclusion in the taxable income for the assessment year was not permitted by law. The assessee's reliance on a different objection did not validate an assessment that the statute did not authorise, and no reassessment of escaped income had been initiated under the applicable provision. The inclusion was therefore held unlawful, and the issue was answered in favour of the assessee. Case-Laws Income Tax Tue, 25 Nov 1941 00:00:00 +0630 https://www.taxtmi.com/caselaws?id=276660