https://www.taxtmi.com/caselaws?id=22879 Income is assessable only in the assessment year corresponding to the relevant previous year. Where the previous year for assessment year 1966-67 was 1 January 1965 to 31 December 1965, proportionate interest referable to 1 October 1964 to 31 December 1964 could not be brought to tax in that year because it belonged to an earlier period. The reference was answered in favour of the assessee. en-us Thu, 08 Nov 1990 00:00:00 +0530 Tue, 15 Dec 2009 11:12:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=22879 Income is assessable only in the assessment year corresponding to the relevant previous year. Where the previous year for assessment year 1966-67 was 1 January 1965 to 31 December 1965, proportionate interest referable to 1 October 1964 to 31 December 1964 could not be brought to tax in that year because it belonged to an earlier period. The reference was answered in favour of the assessee. Case-Laws Income Tax Thu, 08 Nov 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=22879