https://www.taxtmi.com/caselaws?id=17068 Potential adverse impact on surtax liability is a relevant factor when considering permission to change the previous year under the Income-tax Act, because surtax computation is linked to total income and the statutory meaning of previous year. However, the adverse effect must be established on proper material; the Tribunal could not finally refuse the change on an uncertain computation sheet and should have remitted the matter for fresh consideration after giving the assessee an opportunity. Later acceptance of a changed previous year in subsequent assessment years did not entitle the assessee to the same treatment for earlier disputed years, since each assessment year is separate. en-us Mon, 27 Oct 1997 00:00:00 +0530 Tue, 15 Sep 2009 10:26:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=17068 Potential adverse impact on surtax liability is a relevant factor when considering permission to change the previous year under the Income-tax Act, because surtax computation is linked to total income and the statutory meaning of previous year. However, the adverse effect must be established on proper material; the Tribunal could not finally refuse the change on an uncertain computation sheet and should have remitted the matter for fresh consideration after giving the assessee an opportunity. Later acceptance of a changed previous year in subsequent assessment years did not entitle the assessee to the same treatment for earlier disputed years, since each assessment year is separate. Case-Laws Income Tax Mon, 27 Oct 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=17068