https://www.taxtmi.com/caselaws?id=277246 The court upheld the validity of a notification and regulation issued by the Governor of Bihar to validate income tax assessment proceedings for the year 1940-41 under the Indian Income-tax Act, 1922. The court ruled that the Finance Act of 1940 was in force when the assessment concluded, making the proceedings valid. It was determined that the retrospective effect of the notification was not necessary for the assessment's validity. The court also found the notice issued under Section 22(2) to be valid, making the Section 22(1) notice's validity irrelevant. The judgment affirmed the competence of the notification and regulation, with each party bearing their own costs. en-us Tue, 27 Aug 1946 00:00:00 +0530 Thu, 29 Nov 2018 17:35:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=277246 The court upheld the validity of a notification and regulation issued by the Governor of Bihar to validate income tax assessment proceedings for the year 1940-41 under the Indian Income-tax Act, 1922. The court ruled that the Finance Act of 1940 was in force when the assessment concluded, making the proceedings valid. It was determined that the retrospective effect of the notification was not necessary for the assessment's validity. The court also found the notice issued under Section 22(2) to be valid, making the Section 22(1) notice's validity irrelevant. The judgment affirmed the competence of the notification and regulation, with each party bearing their own costs. Case-Laws Income Tax Tue, 27 Aug 1946 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=277246