https://www.taxtmi.com/caselaws?id=281683 Special assessment under section 172(4) could not be sustained where the principal had filed a return of income and the record showed scrutiny under the normal assessment provisions, indicating that section 172(7) was attracted. The Tribunal relied on its earlier view that the special shipping assessment should be quashed in such circumstances, while preserving the Assessing Officer's ability to verify and proceed under the regular provisions so that voyage income does not escape assessment. On that basis, the challenge to annulment of the section 172(4) assessment failed, the Revenue's appeal was dismissed, and the assessee's cross-objections were dismissed as infructuous. en-us Wed, 14 Aug 2013 00:00:00 +0530 Mon, 01 Jul 2019 11:58:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=281683 Special assessment under section 172(4) could not be sustained where the principal had filed a return of income and the record showed scrutiny under the normal assessment provisions, indicating that section 172(7) was attracted. The Tribunal relied on its earlier view that the special shipping assessment should be quashed in such circumstances, while preserving the Assessing Officer's ability to verify and proceed under the regular provisions so that voyage income does not escape assessment. On that basis, the challenge to annulment of the section 172(4) assessment failed, the Revenue's appeal was dismissed, and the assessee's cross-objections were dismissed as infructuous. Case-Laws Income Tax Wed, 14 Aug 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=281683